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

6869 S Claiborne Avenue Gilbert, AZ 85298

3 Beds 3 Baths 2,675 sqft Built 2015

$615,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $230.24
  • 3 Days on Market
  • MLS # : 6184602
  • Updated Date : 01/23/2021 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,675 sqft
  • Baths : 2 full , 1 half
Listing Agent

Superlative Realty

Listing Agent's Description

Beautiful newer house with high end upgrades. 3 bedrooms, spacious Den, Great Room, bonus room/office and 3 car tandem garage. Popular split plan, 10' coffered ceilings, gourmet kitchen, 42'' staggered cabinets in espresso color and crown molding. Butlers pantry, gas stove, elegant stainless steel appliances and granite counters. Warm, neutral paint, 51/4 baseboards, 12 foot multi slide door in great room, elegant clear glass shower enclosure. Upgraded flooring, bathrooms, radiant barrier roof, low E2 windows. Stunning lot across from the park. Open concept, great for entertaining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k403k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
Patterson Elementary School Primary Regular 959 49 9
Patterson Elementary School Middle Regular 959 49 9
Basha High School High Regular 2,646 125 8

Patterson Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 49
9
GreatSchools Rating

Basha High School

  • Education Level: High
  • # of students: 2,646
  • # of teachers: 125
8
GreatSchools Rating
 

$554,310$677,490$615,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,139
Property Tax -$390
Property Insurance -$79
HOA -$80
Property Management Fees -$99
CASH FLOW
-$308

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.

$615,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$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$168,964

INVESTMENT

$168,964

Down Payment
$153,975
Rehab Estimate
$5,750
Closing Costs
$9,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,139

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,975
Loan Amount $461,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$12,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,488

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,3953$2,4804$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 6869 S Claiborne Avenue Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.93
    •  
  • 2852 E Muirfield Street Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,405 Sqft ∙ Built 2014
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 2900 E Killarney Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2016
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
  • 6479 S Tucana Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 6765 S Tucana Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Halina Wrona
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184602
Last Updated: 01/23/2021
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