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5808 S Fawn Avenue Gilbert, AZ 85298

3 Beds 3 Baths 3,095 sqft Built 2017

$775,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $250.40
  • 4 Days on Market
  • MLS # : 6202165
  • Updated Date : 03/05/2021 at 23:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,095 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Amazing opportunity to own a masterpiece in the gorgeous community of Marbella Vineyards. The owners have spared no expense on the upgrades in this beautifully crafted Shea home. This home is so inviting from the curb appeal to the cozy front courtyard. From the moment you walk in, this home has the ''wow'' factor you have been looking for! The light and bright open floor plan features a great room concept. The gourmet kitchen showcases rich cabinetry, with highly upgraded granite and backsplash. HUGE kitchen island with tons of seating. Beautiful built in Monogram refrigerator, stainless steel vent hood, gas cooktop, wall oven, walk in pantry, upper and lower cabinet lighting. The dining area looks out to the pristine backyard! This home shines with 3 large bedrooms, one of which c

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Marbella Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k416k

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

Neighborhood: Marbella Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362270

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,692
Property Tax -$541
Property Insurance -$87
HOA -$23
Property Management Fees -$99
CASH FLOW
-$833

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.

$775,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,693

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,6104$2,6955$2,999
$2,999
RENT COMPS ANALYSIS
  • 5808 S Fawn Avenue Gilbert, AZ 3
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2017 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.84
    •  
  • 6758 S Rachael Way Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 4132 E Carriage Court Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 5845 S Parkcrest Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,292 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,292 Sqft ∙ Built 2012
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.82
    •  
  • 3661 E Narrowleaf Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $1.02
    •  
PROPERTY LISTING DETAILS
Mike Schude
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202165
Last Updated: 03/05/2021
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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