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872 E Wimpole Avenue Gilbert, AZ 85297

3 Beds 2 Baths 1,955 sqft Built 2008

$449,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $230.13
  • 7 Days on Market
  • MLS # : 6192700
  • Updated Date : 02/19/2021 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,955 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Stunning former model home with 3 bedrooms, office area, great room & living room. Beautiful wood like tile adorns main living areas w/tile inlay, New AC unit 2019, new water heater 2019, new exterior paint 2021, surround sound, epoxy garage floor, built in garage cabinets, 9 ft ceilings, cozy side courtyard & SO much more! You'll love the inviting kitchen with gorgeous cabinets, granite counters, glass tile backsplash, SS appliances, island w/breakfast bar & breakfast nook for dining. The interior court yard/patio is perfect for outdoor enjoyment. The master suite has a walk-in closet & master bath offers split vanities with soaking tub & separate shower. The split floorplan provides peaceful living with 2 guest bedrooms, hall bathroom & office area for more space. Plenty of windows &

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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

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

Perry High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,563
Property Tax -$315
Property Insurance -$65
HOA -$32
Property Management Fees -$99
CASH FLOW
-$154

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.

$449,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,111

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9203$1,9504$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 872 E Wimpole Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.98
    •  
  • 845 E Euclid Avenue Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 845 E Doral Court Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2008
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 844 E Zesta Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2009
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 917 E Furness Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,104 Sqft ∙ Built 2010
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.12
    •  
PROPERTY LISTING DETAILS
Cheryl Lindblom
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192700
Last Updated: 02/19/2021
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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