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6194 S Rochester Drive Gilbert, AZ 85298

4 Beds 4 Baths 2,938 sqft Built 2006

$515,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $175.29
  • 3 Days on Market
  • MLS # : 6162986
  • Updated Date : 11/21/2020 at 16:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,938 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Lovely and well cared home situated on a fabulous corner lot! Boasting a charming courtyard entry perfect to spend relaxing mornings. Inside you will find formal dining room, tons of natural light, great room, two tone paint, 4 bed, 3.5 bath, and ceiling fans. Chef's kitchen showcases plenty of staggered cabinets, high-end Thermidor appliances, walk-in pantry, tile back-splash, and center island w/breakfast bar. Spacious master suite comprised of his & her sinks, separate tub, step-in shower, and huge walk-in closet. Serene and gorgeous backyard offers covered patio, synthetic grass, and paved area ideal for a BBQ or ramada. This beauty is ready to go! Close to top rated schools, convenient location - Schedule a showing before it is too late!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shamrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k454k

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

Neighborhood: Shamrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362178

* 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
Chandler Traditional Academy - Freedom Campus Primary Regular 839 38 9
Chandler Traditional Academy - Freedom Campus Middle Regular 839 38 9
Casteel High School High Regular NA

Chandler Traditional Academy - Freedom Campus

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 38
9
GreatSchools Rating

Chandler Traditional Academy - Freedom Campus

  • Education Level: Middle
  • # of students: 839
  • # of teachers: 38
9
GreatSchools Rating

Casteel High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,900
Property Tax -$326
Property Insurance -$84
HOA -$19
Property Management Fees -$99
CASH FLOW
-$248

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.

$515,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$15,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,248

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1803$2,2504$2,3955$2,595
$2,595
RENT COMPS ANALYSIS
  • 6194 S Rochester Drive Gilbert, AZ 2
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.74
    •  
  • 2855 E Meadowview Drive Gilbert, AZ 1
    • 4 beds 4 baths ∙ 2,880 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,880 Sqft ∙ Built 2012
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.72
    •  
  • 2573 E Ironside Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 2903 E Janelle Way Gilbert, AZ 4
    • 4 beds 4 baths ∙ 3,162 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,162 Sqft ∙ Built 2006
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.76
    •  
  • 3160 E Muirfield Street Gilbert, AZ 5
    • 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2004
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cindy Sophia Bostinelos
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162986
Last Updated: 11/21/2020
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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