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

562 N Kingston Street Gilbert, AZ 85233

4 Beds 3 Baths 2,446 sqft Built 1995

$469,999

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $192.15
  • 3 Days on Market
  • MLS # : 6202767
  • Updated Date : 03/06/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Parker Realty Llc

Listing Agent's Description

Gorgeous home for sale in highly sought after El Dorado Lakes! Upgrades galore and move-in ready! Features include spacious floorplan with MASTER ON 1ST FLOOR! 3 bedrooms upstairs + LOFT! Gorgeous updated kitchen with granite countertops, updated cabinets, R/O, and center island with breakfast bar. Nice sized Master suite with separate tub/shower, granite countertops, and double sinks. 3 car garage also a plus! Backyard features covered patio, lush grass, and sparkling salt water pool! Perfect for entertaining! Excellent location close to Hwy 60, shopping, restaurants, & Gilbert's HIGHLY DESIRED Mesquite Schools! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Dorado Lakes Golf Community

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k397k

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

Neighborhood: El Dorado Lakes Golf Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361991

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

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

$422,999$516,999$469,999

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,632
Property Tax -$276
Property Insurance -$75
HOA -$12
Property Management Fees -$99
CASH FLOW
$226

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.

$469,999

PROJECTED PRICE

$2,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,499
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$48,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,311

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,2954$2,3205$2,850
$2,850
RENT COMPS ANALYSIS
  • 562 N Kingston Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.95
    •  
  • 38 S Sundial Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1228 W Bruce Avenue Gilbert, AZ 2
    • 4 beds 2 baths ∙ 2,518 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,518 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 890 W Tremaine Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 1718 W Campbell Avenue Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Amy Parker
Parker Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202767
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.

BESbswy