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902 E San Angelo Avenue Gilbert, AZ 85234

5 Beds 5 Baths 5,000 sqft Built 1987

$1,195,000

List Price

$3,990

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $239.00
  • 5 Days on Market
  • MLS # : 6153897
  • Updated Date : 10/30/2020 at 11:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,000 sqft
  • Baths : 4 full , 1 half
Listing Agent

America One Luxury Real Estate

Listing Agent's Description

Stunning highly upgraded victorian home by one of the best interior designers in the state. Large N/S exposure lot, circle drive entry, mature trees and a gorgeous porch in the sought after Circle G Ranches. Exceptional trim work, a showroom style oversized kitchen with over $150,000 in upgrades are part of this great open floor plan on the main level. The office with its fireplace sits right off the entry, the living room and kitchen are the heart of the home and connected to the spacious game room. The beautiful master suite rounds up the main level. The backyard is a family's and entertainer's dream including a ramada, outdoor kitchen, private pool and spa, grassy play areas with in-ground trampoline. 4 additional spacious bedrooms with large WIC and 3 great size bathrooms upstairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadows East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k372k

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

Neighborhood: Meadows East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292046

* 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
Houston Elementary School Primary Regular 482 39 6
Mesquite Jr High School Middle Regular 715 34 7
Gilbert High School High Regular 2,470 113 7

Houston Elementary School

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 39
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$3,591$4,389$3,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,990
EXPENSES Loan Payment -$4,409
Property Tax -$896
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$1,539

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.

$1,195,000

PROJECTED PRICE

$3,990

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,990

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $5,850

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,990
1$3,9902$5,999
$5,999
RENT COMPS ANALYSIS
  • 902 E San Angelo Avenue Gilbert, AZ 1
    • 5 beds 5 baths ∙ 5,000 Sqft ∙ Built 1987 5 beds 5 baths ∙ 5,000 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $0.80
    •  
  • 1501 E Treasure Cove Drive Gilbert, AZ 2
    • 6 beds 5 baths ∙ 5,137 Sqft ∙ Built 1997 6 beds 5 baths ∙ 5,137 Sqft ∙ Built 1997
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,999
    • $1.17
    •  
PROPERTY LISTING DETAILS
Patrick Julius Niederdrenk
America One Luxury Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153897
Last Updated: 10/30/2020
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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