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907 N Blue Marlin Drive Gilbert, AZ 85234

4 Beds 3 Baths 2,610 sqft Built 1992

$449,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $172.03
  • 4 Days on Market
  • MLS # : 6153816
  • Updated Date : 11/06/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,610 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This is HOME. Gorgeous 4 bed, 3 bath home located in the heart of Gilbert! Tall vaulted ceilings and spacious formal living/dining greet you upon entry. Living room boasts wood burning fireplace with stone accents, custom white shutters, and lots of natural light. Open floorplan with full bath and den/office downstairs. Kitchen offers granite counter tops, natural stone backsplash, stainless steel appliances, recessed lighting, pantry, and convenient island. Spacious master suite is equipped with dual vanities, soaking tub and separate shower, private water closet, walk in closet. Outside is an entertainer dream with crystal clear swimming pool, lush landscape, covered patio all on a private corner lot. Top notch schools, dining, and entertainment nearby. This one won't last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671981

* 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
Patterson Elementary School Primary Regular 584 34 9
Patterson Elementary School Middle Regular 584 34 9
Gilbert High School High Regular 2,470 113 7

Patterson Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
9
GreatSchools Rating

Patterson Elementary School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 34
9
GreatSchools Rating

Gilbert High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,657
Property Tax -$335
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
$111

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.

$449,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$41,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,3503$2,5004$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 907 N Blue Marlin Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,610 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.87
    •  
  • 1419 E Encinas Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1992
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 2174 E New Bedford Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 1156 N Fiji Way Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
  • 1326 E Catamaran Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mark David Sloat
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153816
Last Updated: 11/06/2020
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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