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5391 S Luiseno Boulevard Gilbert, AZ 85298

3 Beds 2 Baths 2,395 sqft Built 2015

INVESTimate

$469,000

List Price

$2,030

$1,827 - $2,233

Rent Est.

$527,109  ( +12.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $195.82
  • 6 Days on Market
  • MLS # : 6120651
  • Updated Date : 08/21/2020 at 11:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,395 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful home is ready for you to move right in! Perfectly located in the ever popular Town of Gilbert, this house is near shopping, restaurants, freeways, and sits just east of the new Gilbert Regional Park. This is a well appointed home and has been gently lived in by the original owners since being built. 3 bdrms, 2 baths, and 2 dens may now be the perfect fit for YOU! Extensive tile floors, plantation shutters, stainless steel appliances, and upgraded granite counter tops give the perfect touch of elegance. The backyard is ready for relaxation and entertainment! Pavers, low maintenance artificial grass, a delightful sounding fountain and a pergola for extra shade are so welcoming, you'll enjoy your backyard every season of the year!

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
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,827$2,233$2,030

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,730
Property Tax -$313
Property Insurance -$74
HOA -$100
Property Management Fees -$99
CASH FLOW
-$287

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.

$469,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.39%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,281

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,2003$2,2504$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5391 S Luiseno Boulevard Gilbert, 1
    • 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.85
    •  
  • 5948 S Inez Drive Gilbert, 2
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2006
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 5407 S Tatum Lane Gilbert, 3
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2013
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 3936 E Cassia Lane Gilbert, 4
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2015
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 3567 E Chestnut Lane Gilbert, 5
    • 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Christina Stephan
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120651
Last Updated: 08/21/2020
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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