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5904 S Shelby Way Gilbert, AZ 85298

5 Beds 3 Baths 3,389 sqft Built 2006

$550,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $162.29
  • 10 Days on Market
  • MLS # : 6193419
  • Updated Date : 02/19/2021 at 18:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,389 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

OPEN HOUSE SATURDAY 12 to 5 and Sunday 11 to 3. Located in the highly sought after Marbella Vineyards. Sitting on a large private corner lot this Gilbert home offers anoversized 3 car garage with RV gate. Two story foyer w/grand staircase greets you as you enter. 5 full bedrooms w/large master bedroom thatshowcases a big walk in closet, soaking tub, upgraded tile shower and private master balcony. All bedrooms are generoussize,w/1 bedroom downstairs and full bath. Entire house is all tile or wood. Beautiful wood stair case w/gorgeous wrought ironrailing. Kitchen has stainless steel appliances, walk in pantry, butlers pantry and tons of cabinetry. Downstairs laundry room.

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.
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,910
Property Tax -$384
Property Insurance -$93
HOA -$23
Property Management Fees -$99
CASH FLOW
-$70

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.

$550,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.44%

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$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$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$24,689

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
  • $2,686

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5954$2,6505$2,750
$2,750
RENT COMPS ANALYSIS
  • 5904 S Shelby Way Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2735 E Narrowleaf Drive Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 3541 E Eleana Lane Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.77
    •  
  • 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
    •  
  • 3518 E Eleana Lane Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kristy D. Geiler
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193419
Last Updated: 02/19/2021
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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