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4786 E Laurel Court Gilbert, AZ 85234

3 Beds 3 Baths 1,375 sqft Built 2007

$275,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $200.00
  • 3 Days on Market
  • MLS # : 6152782
  • Updated Date : 11/06/2020 at 11:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Come and see this two story home nestled in a peaceful cul-de-sac! The beautiful interior offers cozy living spaces that creates a warm and inviting atmosphere. Gorgeous kitchen features high-end appliances and plenty of cabinet/counter space perfect for the family Chef. Nice size master bedroom includes its private bath for all your convenience. Outside, relax in the sided paved patio after a busy day. Don't forget about the 2 car rear garage! Community amenities are pool, spa, playgrounds, picnic areas, and walking paths. Excellent location close to schools and shopping centers. Don't wait any longer to schedule your private viewing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k337k

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

Neighborhood: La Aldea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8541866

* 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
Superstition Springs Elementary School Primary Regular 657 40 7
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Superstition Springs Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 40
7
GreatSchools Rating

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,015
Property Tax -$163
Property Insurance -$54
HOA -$80
Property Management Fees -$99
CASH FLOW
$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$28,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,513

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4953$1,5004$1,5865$1,600
$1,600
RENT COMPS ANALYSIS
  • 4786 E Laurel Court Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
  • 405 N Ranger Court Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,262 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,262 Sqft ∙ Built 2007
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.13
    •  
  • 4756 E Laurel Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 4696 E Olney Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,586
    • $1.07
    •  
  • 4570 E Olive Court Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Rachel Carmona
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152782
Last Updated: 11/06/2020
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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