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732 W Moore Avenue Gilbert, AZ 85233

4 Beds 3 Baths 2,647 sqft Built 1996

$454,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $171.85
  • 2 Days on Market
  • MLS # : 6185050
  • Updated Date : 01/23/2021 at 20:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Get ready to call this pristine 4 bedroom, 2.5 bathroom home all yours! Step inside and immediately experience soaring ceilings and an open layout that will make it easy to entertain friends and family. Continue through to the kitchen, which features granite countertops, stainless steel appliances, a large island, and a gorgeous backsplash. After a long day, head upstairs to the primary bedroom suite with its private bathroom, walk-in closet, and a private door entry to the second-floor deck overlooking the backyard. Head back downstairs, through the kitchen, and out to the backyard which is perfect for a BBQ with the covered patio, outdoor island with a built-in grill, and shimmering private pool. Conveniently located on the doorstep of plenty of options for shopping and dining!

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
Oak Tree Elementary School Primary Regular 675 40 6
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Oak Tree Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 40
6
GreatSchools Rating

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
 

$409,410$500,390$454,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,580
Property Tax -$268
Property Insurance -$79
HOA -$17
Property Management Fees -$99
CASH FLOW
$108

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.

$454,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.47%

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$126,299

INVESTMENT

$126,299

Down Payment
$113,725
Rehab Estimate
$5,750
Closing Costs
$6,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,725
Loan Amount $341,175
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$35,410

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
  • $2,290

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2954$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 732 W Moore Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 720 W Hancock Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
    property image
    LEASED 01/21/21
    • 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
    property image
    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
    property image
    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
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185050
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.

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