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4365 E Wheaton Street Gilbert, AZ 85295

5 Beds 4 Baths 2,676 sqft Built 2017

INVESTimate

$519,997

List Price

$1,970

$1,773 - $2,167

Rent Est.

$545,945  ( +4.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $194.32
  • 2 Days on Market
  • MLS # : 6122338
  • Updated Date : 08/25/2020 at 14:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,676 sqft
  • Baths : 3 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Check out this incredible one-story home in the beautiful Cooley Station! A lovely front porch ideal to relaxing mornings or sunsets welcomes you! As you enter home you'll see nice size bedroom that could easily be used as den and great room w/barn door that separates the room creating a private space & sliding doors that opens to a side patio. Continue into the modern kitchen equipped with large island for prep & breakfast bar, SS appliances, plethora of cabinets, and subway back-splash. The awesome master suite includes lavish bath w/separate tub/shower, dual sink vanity, and walk-in closet. Serene backyard is perfect to relax on the grassy area or under the ramada/covered patio. Schedule you appointment now, you won't be disappointed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$467,997$571,997$519,997

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,919
Property Tax -$355
Property Insurance -$79
HOA -$125
Property Management Fees -$99
CASH FLOW
-$607

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.

$519,997

PROJECTED PRICE

$1,970

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,549

INVESTMENT

$143,549

Down Payment
$129,999
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,999
Loan Amount $389,998
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,027

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9504$1,9705$2,095
$2,095
RENT COMPS ANALYSIS
  • 4365 E Wheaton Street Gilbert, 4
    • 5 beds 4 baths ∙ 2,676 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,676 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.74
    •  
  • 4307 E Pony Lane Gilbert, 1
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2015
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 3875 E Phelps Street Gilbert, 2
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2006
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 4165 E Pony Lane Gilbert, 3
    • 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2015
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 4195 E Bonanza Road Gilbert, 5
    • 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2012
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mark A Andersen
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122338
Last Updated: 08/25/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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