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726 W Moore Avenue Gilbert, AZ 85233

5 Beds 3 Baths 2,647 sqft Built 1996

$500,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $188.89
  • 3 Days on Market
  • MLS # : 6193427
  • Updated Date : 02/12/2021 at 15:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,647 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Roof has been replaced, Newer Trane HVAC, resurfaced pool and remodeled kitchen and baths!! All the big $$ has been spent. Just move in and enjoy!** True 5BR home with additional small loft area has room for everyone; for work, remote school or to just relax. Remodeled kitchen opens to huge family room ,also allowing ample space for everyone to gather. **Backyard with sparkling remodeled pool is beautiful and private. And the pool has a slide!! **Conveniently located near shopping, dining and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonehenge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k423k

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

Neighborhood: Stonehenge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362164

* 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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,737
Property Tax -$294
Property Insurance -$79
HOA -$17
Property Management Fees -$99
CASH FLOW
-$15

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.

$500,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$27,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2103$2,2954$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 726 W Moore Avenue Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.83
    •  
  • 720 W Hancock Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 396 W Gary Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1997
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 1465 N Quail Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 1406 N Saddle Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193427
Last Updated: 02/12/2021
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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