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881 E Toledo Street Gilbert, AZ 85295

4 Beds 2 Baths 2,619 sqft Built 1999

$489,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $187.06
  • 8 Days on Market
  • MLS # : 6167827
  • Updated Date : 01/08/2021 at 03:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,619 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Stunning 4 bdm PLUS den/bonus rm PLUS 3 car garage single level home in highly sought after Lindsay Estates! Walk into a beautiful entry with coffered ceilings and into the formal living and dining room, kitchen is a chef's delight with a large island, giant bonus room, bay windows, maple window sills. The kitchen overlooks the extra-large family room. Split floor plan; Master bdm is spacious with an oversize sliding door to the outside. The Master bath features dual sinks, and walk in closet. The backyard is an entertainer's paradise, complete with a beautiful covered patio, grass area, a built-in BBQ, spa, and fireplace.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lindsay Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k475k

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

Neighborhood: Lindsay Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10362264

* 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
Ashland Ranch Elementary School Primary Regular 776 44 7
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Ashland Ranch Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 44
7
GreatSchools Rating

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,702
Property Tax -$288
Property Insurance -$78
HOA -$17
Property Management Fees -$99
CASH FLOW
-$114

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.

$489,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$19,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,951

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8504$1,8955$2,070
$2,070
RENT COMPS ANALYSIS
  • 881 E Toledo Street Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.79
    •  
  • 2690 S Southwind Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 2733 S Southwind Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 2660 S Sailors Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2005
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 2663 S Sailors Way Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2004
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167827
Last Updated: 01/08/2021
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.

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