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854 E Dumbarton Avenue Gilbert, AZ 85297

4 Beds 2 Baths 1,800 sqft Built 2015

INVESTimate

$425,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$446,888  ( +5.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $236.11
  • 5 Days on Market
  • MLS # : 6121214
  • Updated Date : 08/23/2020 at 23:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Coming soon in Layton Lakes! Like a brand new home! Upgrades galore and move in ready! New builds are going for $500k 1 mile away!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Layton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k436k

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

Neighborhood: Layton Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362158

* 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
Haley Elementary School Primary Regular 850 49 9
Haley Elementary School Middle Regular 850 49 9
Perry High School High Regular 3,194 142 7

Haley Elementary School

  • Education Level: Primary
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Haley Elementary School

  • Education Level: Middle
  • # of students: 850
  • # of teachers: 49
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,568
Property Tax -$298
Property Insurance -$62
HOA -$96
Property Management Fees -$99
CASH FLOW
-$363

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.

$425,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,705

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
  • $1,868

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8954$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 854 E Dumbarton Avenue Gilbert, 1
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4749 S Watauga Drive Gilbert, 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2013
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 4950 S Twinleaf Drive Gilbert, 3
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2015
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 3191 S Mingus Drive Chandler, 4
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 2018
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 947 E Dumbarton Avenue Gilbert, 5
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2015
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Shawn Camacho
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121214
Last Updated: 08/23/2020
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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