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4328 S Marble Street Gilbert, AZ 85297

5 Beds 4 Baths 3,787 sqft Built 2004

$615,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $162.40
  • 4 Days on Market
  • MLS # : 6183781
  • Updated Date : 01/22/2021 at 18:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,787 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This home offers everything on your wish list, plus more! Beautiful front courtyard to welcome your family & guests. Thoughtfully designed floorplan with two master suites (one downstairs), 3 additional spacious secondary bedrooms, PLUS a downstairs bonus room AND a double door den. Meal prep is a breeze in this massive kitchen featuring two islands, loads of counter space, granite counters, upgraded SS appliances, double ovens & gas range. Beautifully updated & maintained with recent interior paint and newer bedroom flooring. The backyard is ready for entertaining or quiet time to unwind - heated pool with water feature, relaxing spa, built in firepit and BBQ! 3 car garage with additional storage area complete with built in cabinets. Top rated Chandler Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estates at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Estates at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362166

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Weinberg Elementary School Primary Regular 846 42 8
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7

Weinberg Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 42
8
GreatSchools Rating

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,136
Property Tax -$444
Property Insurance -$101
HOA -$26
Property Management Fees -$99
CASH FLOW
-$6

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$615,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$33,187

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,030

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,8994$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 4328 S Marble Street Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.74
    •  
  • 3211 E Lark Drive Chandler, AZ 2
    • 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 1448 E Birdland Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,511 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,511 Sqft ∙ Built 2005
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $0.83
    •  
  • 2807 E Desert Broom Place Chandler, AZ 4
    • 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.80
    •  
  • 1345 E Lovebird Court Gilbert, AZ 5
    • 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183781
Last Updated: 01/22/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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