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667 E Hummingbird Way Gilbert, AZ 85297

4 Beds 3 Baths 2,200 sqft Built 2010

$425,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $193.18
  • 2 Days on Market
  • MLS # : 6178902
  • Updated Date : 01/09/2021 at 16:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

CORRECTION: home has gas heat! Very few homes are being listed in Eagle Glen these days! This immpecably maintained 4b2.5b PLUS OFFICE model is sure to get your attention! Greatroom designed home sits on a N/S lot and is SINGLE LEVEL. New designer paint and carpeting has been installed in the common living areas. Don't miss the additional private courtyard and quaint backyard with extended patio created out of brick pavers. There's also a community area a couple hundred feet from the front door. Extra storage shelving in the garage will also convey. The owners lovingly chose this home originally after seeing many others that just didn't stack up to the quality they saw in this home. The neighborhood is still so appealing to them and they've loved the flow of their home for their fami

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Glen II

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k448k

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

Neighborhood: Eagle Glen II

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362176

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,476
Property Tax -$304
Property Insurance -$70
HOA -$66
Property Management Fees -$99
CASH FLOW
$175

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.

$425,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) -0.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$38,671

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
  • $2,178

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$1,9954$2,2005$2,225
$2,225
RENT COMPS ANALYSIS
  • 667 E Hummingbird Way Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3113 E Oriole Way Chandler, AZ 2
    • 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,048 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 3416 E Kingbird Place Chandler, AZ 3
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 3192 E Bluebird Place Chandler, AZ 4
    • 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 2395 S Whetstone Place Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,149 Sqft ∙ Built 2003
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $1.04
    •  
PROPERTY LISTING DETAILS
Leon Dang
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178902
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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