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695 W San Angelo Street Gilbert, AZ 85233

4 Beds 2 Baths 2,437 sqft Built 1998

$589,999

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $242.10
  • 2 Days on Market
  • MLS # : 6209854
  • Updated Date : 03/20/2021 at 00:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 2 full
Listing Agent

Valley Executives Real Estate

Listing Agent's Description

Excellent opportunity to own a well cared for home in the red hot area of Gilbert. Walk, bike or drive to downtown Gilbert for great shopping, dining and socializing. Enjoy a very friendly, social and safe neighborhood. Split floorplan, 3 car garage, pool and no neighbors behind you. This is truly an excellent home.****Tenant in place through December 31st with an option for early release anytime from Sept 31st through December 31st. there is no sign on the home and DO NOT DISTURB OR ENGAGE THE TENANTS!! ******* NO SHOWING UNTIL WE HAVE AN EXCEPTED CONTRACT.Existing monthly rent is $2600 + TAX

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverhawke

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Silverhawke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10311981

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

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

$530,999$648,999$589,999

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,049
Property Tax -$347
Property Insurance -$75
HOA -$17
Property Management Fees -$99
CASH FLOW
-$277

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.

$589,999

PROJECTED PRICE

$2,310

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,499
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$14,107

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
  • $2,419

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,2954$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 695 W San Angelo Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 890 W Tremaine Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 1107 N Eldon Court Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.94
    •  
  • 732 W Merrill Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.00
    •  
  • 695 W San Angelo -- Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Timothy Nelson
Valley Executives Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209854
Last Updated: 03/20/2021
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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