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912 E Euclid Avenue Gilbert, AZ 85297

5 Beds 3 Baths 2,566 sqft Built 2013

$460,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $179.27
  • 5 Days on Market
  • MLS # : 6156110
  • Updated Date : 11/04/2020 at 15:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,566 sqft
  • Baths : 3 full
Listing Agent

Gila Sun Properties Inc

Listing Agent's Description

Don't miss this wonderful Layton Lakes beauty that features 5 bedrooms, 3 baths with full bedroom and bath downstairs. This immaculate home has a living room upon entry & gorgeous kitchen with granite counter-tops, breakfast bar, maple cabinets and pantry, stainless steel appliances, gas cook top. Kitchen opens to a spacious family room that is great for entertaining. Upstairs you will find a loft & all bedrooms are oversized. Master bathroom has double sinks, separate shower, garden tub and large walk-in closet. Laundry room is upstairs. Top rated Chandler School District. Gorgeous community with beautiful lakes, walking paths, tennis court, splash pad & so much more!

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
Weinberg Elementary School Primary Regular 846 42 8
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7

Weinberg Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 42
8
GreatSchools Rating

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,697
Property Tax -$323
Property Insurance -$77
HOA -$32
Property Management Fees -$99
CASH FLOW
-$138

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.

$460,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.45%

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$1.4M

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$19,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,245

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0903$2,3494$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 912 E Euclid Avenue Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.81
    •  
  • 1454 E Hummingbird Way Gilbert, AZ 1
    • 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,402 Sqft ∙ Built 2012
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.83
    •  
  • 837 E Wimpole Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,349
    • $0.87
    •  
  • 4427 S Quiet Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2008
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
  • 1133 E Buckingham Avenue Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2013
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Marc A Smith
Gila Sun Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156110
Last Updated: 11/04/2020
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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