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541 N 159th Place Gilbert, AZ 85234

5 Beds 3 Baths 3,510 sqft Built 1978

$879,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $250.43
  • 5 Days on Market
  • MLS # : 6189911
  • Updated Date : 02/11/2021 at 21:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,510 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

72 HOUR HOME SALE! INQUIRE IMMEDIATELY TO BID! Very seldomly seen, much less listed for sale, NO HOA, 44,470 sf lot horse estate ranch in center of Gilbert; one of the most desired cities in Arizona! Start admiring the amazing size of your new Ranch Estate in the very coveted Circle G Ranches Estates from the very moment you turn into the subdivision. Upon entering the subdivision, drive along the side of the property for what seems to like a .5 mile. You are first greeted with three parking and entry options. 1st enter with direct access into your backyard, 2nd Park in one of 6 spaces in your car port, 3rd Enter into your pronounced circular driveway located at the front of your property. Home is priced fairly and below surrounding comparables.

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
Greenfield Junior High School Middle Regular 917 44 9
Gilbert High School High Regular 2,470 113 7
Greenfield Junior High School Middle Unknown NA

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating

Greenfield Junior High School

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

$791,100$966,900$879,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$3,053
Property Tax -$517
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
$75

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.

$879,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$238,685

INVESTMENT

$238,685

Down Payment
$219,750
Rehab Estimate
$5,750
Closing Costs
$13,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,053

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $219,750
Loan Amount $659,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$57,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $4,861

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8403$5,500
$5,500
RENT COMPS ANALYSIS
  • 541 N 159th Place Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,510 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,510 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.09
    •  
  • 1518 E Treasure Cove Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 1998
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.14
    •  
  • 1124 N Peppertree Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,375 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,375 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,500
    • $1.63
    •  
PROPERTY LISTING DETAILS
Kristina Chavez
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189911
Last Updated: 02/11/2021
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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