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

847 S Annie Lane Gilbert, AZ 85296

3 Beds 3 Baths 2,323 sqft Built 2014

$390,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $167.89
  • 3 Days on Market
  • MLS # : 6181672
  • Updated Date : 01/17/2021 at 02:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,323 sqft
  • Baths : 3 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

Exceptional 1 owner home in Cooley Station North. Lovely low maintenance pavered outdoor covered patio area. Open concept floorplan with bedrooms upstairs. The stapious kitchen boasts ample staggered maple cabinetry with crown molding, granite countertops, stainless appliances, large walk-in pantry & and an island with breakfast bar. Recessed lighting throughout. Downtstairs den. Full 3 baths. Upstairs along with the bedrooms and bath is a large loft for additional living space. Spacious primary bedroom with en-suite bath and dual sinks, nice sized master closet and a balcony. Must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cooley Station North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Cooley Station North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9611981

* 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
Gateway Pointe Elementary School Primary Regular 755 36 7
Gateway Pointe Elementary School Middle Regular 755 36 7
Williams Field High School High Regular 1,705 64 7

Gateway Pointe Elementary School

  • Education Level: Primary
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Gateway Pointe Elementary School

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 36
7
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,355
Property Tax -$266
Property Insurance -$72
HOA -$145
Property Management Fees -$99
CASH FLOW
-$67

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.

$390,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$2,1004$2,1005$2,315
$2,315
RENT COMPS ANALYSIS
  • 847 S Annie Lane Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.80
    •  
  • 952 S Adam Way Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,138 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,138 Sqft ∙ Built 2008
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 915 S Agnes Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2014
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 895 S Annie Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2013
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 832 S Henry Lane Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2013
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $0.97
    •  
PROPERTY LISTING DETAILS
Deann L Hasquet
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181672
Last Updated: 01/17/2021
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.

BESbswy