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919 E San Remo Avenue 
Gilbert, AZ
85234
4 Beds 2 Baths 1,950 sqft
Built 1987
INVESTimate
$360,000
List Price
$101,150
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $184.62
- 3 Days on Market
- MLS # : 6121863
- Updated Date : 08/24/2020 at 14:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,950 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
A rare opportunity in the highly sought after community of Circle G Meadows with NO HOA. This property is PRICED TO SELL in ''as is'' condition. Spacious 4 bedroom, 2 bathroom floorplan featuring a large stone fireplace. Kitchen and family room overlook the large backyard with large diving pool. Minutes from popular downtown Gilbert restaurants and shopping. Don't miss this prime opportunity in a premier location!
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PRICE & RENT TRENDS
Neighborhood: Meadows East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadows East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$270 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
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.
$360,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.08% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
6.33
YEARS SAVED
$31,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,009
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
919 E San Remo Avenue Gilbert, 2
- 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,830
- $0.94
-
814 E Stanford Avenue Gilbert, 1
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1992
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,825
- $0.97
-
1232 E Scott Avenue Gilbert, 3
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,850
- $1.06
-
902 N Sailors Way Gilbert, 4
- 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1991
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
907 E Stanford Avenue Gilbert, 5
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1988
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,095
- $1.09
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121863
Last Updated: 08/24/2020
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.
