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4529 E Princeton Avenue Gilbert, AZ 85234

5 Beds 3 Baths 2,173 sqft Built 1993

$377,500

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $173.72
  • 2 Days on Market
  • MLS # : 6203399
  • Updated Date : 03/06/2021 at 04:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,173 sqft
  • Baths : 3 full
Listing Agent

Cts Realty

Listing Agent's Description

**UPDATED** 5 bedroom/3 Bathroom BASEMENT home in FABULOUS Gilbert~North/South exposure, BRAND-NEW interior & exterior paint~BRAND-NEW FLOORING throughout~BRAND-NEW stainless-appliances~NEWER HVAC & hot-water-heater~Patio-roof recoated~Master-bedroom-suite is LARGE w/walk-in closet, double-sink-vanity, garden tub & separate shower~Secondary main-floor-bedrooms are good-sized~Kitchen / dining-room has laminate-wood flooring, upgraded-laminate counters, stainless-appliances & pantry~Kitchen opens to GRAND living-room w/SOARING vaulted- ceilings~Main-floor has bedroom + garage entrance~WALKOUT-BASEMENT has LARGE great-room, HUGE laundry-room & 5th bedroom w/ON-SUITE~COMMUNITY-PARK across-the-street~Shopping, resturants & US 60 access close-by~Gilbert has TOP-RATED schools~WELCOME HOME

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Towne Meadows Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k358k

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

Neighborhood: Towne Meadows Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671981

* 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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Highland Jr High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$339,750$415,250$377,500

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,311
Property Tax -$224
Property Insurance -$70
HOA -$29
Property Management Fees -$99
CASH FLOW
$147

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.

$377,500

PROJECTED PRICE

$1,880

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,788

INVESTMENT

$105,788

Down Payment
$94,375
Rehab Estimate
$5,750
Closing Costs
$5,663

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,311

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,375
Loan Amount $283,125
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$34,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,8804$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 4529 E Princeton Avenue Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,173 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,173 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.87
    •  
  • 4225 E Towne Lane Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1991
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 4378 E Foundation Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 4675 E Olney Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 542 N Citrus Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sherry A Mcqueen
Cts Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203399
Last Updated: 03/06/2021
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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