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6869 S Claiborne Avenue Gilbert, AZ 85298

3 Beds 3 Baths 2,675 sqft Built 2015

$630,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $235.51
  • 4 Days on Market
  • MLS # : 6180669
  • Updated Date : 01/16/2021 at 16:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,675 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Fall in love with this HIGHLY UPGRADED 2015 built home in the highly sought after Seville/Adora Trails Area! This home offers a flexible floor plan with three bedrooms, den or office space, flex room and 3 car tandem garage! Enter into an open floor plan to be greet by gorgeous porcelain tile, engineered hardwood flooring, and carpeting in the right places. A neutral palette with a POP of color, throughout, and soaring 10' ceilings. The Gourmet Kitchen is appointed with stainless steel appliances with a 5-burner gas range, staggered cabinets, granite countertops, full glass backsplash, butler pantry, large eat-in kitchen area adjacent to double sliders to the outside patio.

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
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,188
Property Tax -$399
Property Insurance -$79
HOA -$80
Property Management Fees -$99
CASH FLOW
-$196

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.

$630,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.42%

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$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.99

    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$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 6869 S Claiborne Avenue Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
  • 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
    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
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
  • 6479 S Tucana Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2012
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 6765 S Tucana Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2008
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Benjamin Magnuson
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180669
Last Updated: 01/16/2021
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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