Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5208 S Seton Court Gilbert, AZ 85298

5 Beds 4 Baths 3,498 sqft Built 2014

$590,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $168.67
  • 5 Days on Market
  • MLS # : 6170133
  • Updated Date : 12/29/2020 at 21:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,498 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Look no further! This huge home offers great curb appeal, cul-de-sac lot, RV gate, and easy care landscaping near the new Gilbert Regional Park! You will absolutely adore this welcoming interior with newer flooring and NEW neutral color palette. Enjoy the DOWNSTAIRS master suite that includes bay windows and a lavish en-suite bath. Den, gourmet kitchen and huge great room complete the downstairs. Up the grand staircase you will find 4 more large bedrooms, 2 more bathrooms and a roomy loft! Cooking in this delightful kitchen provides everything you need; high-end appliances, pantry, gleaming counter-tops, centered island with breakfast bar, and so much more. This amazing grassy backyard with covered patio is perfect for your gatherings. Truly a must see home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k424k

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

Neighborhood: Bridges at Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362234

* 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
Power Ranch Elementary School Primary Regular 713 34 10
Power Ranch Elementary School Middle Regular 713 34 10
Higley High School High Regular 1,596 70 7

Power Ranch Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Power Ranch Elementary School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 34
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$531,000$649,000$590,000

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 -$2,177
Property Tax -$391
Property Insurance -$95
HOA -$33
Property Management Fees -$99
CASH FLOW
$4

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.

$590,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M$2.5M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$40,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,606

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,6504$2,6505$2,795
$2,795
RENT COMPS ANALYSIS
  • 5208 S Seton Court Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,498 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,498 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3560 E Coconino Way Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
  • 4458 S Inez Court Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.74
    •  
  • 3296 E Tonto Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
  • 2709 E Sourwood Drive Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,444 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,444 Sqft ∙ Built 2008
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Terra A. Mccormick
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170133
Last Updated: 12/29/2020
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.

BESbswy