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927 W Breckenridge Avenue Gilbert, AZ 85233

4 Beds 3 Baths 2,389 sqft Built 1997

$420,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $175.81
  • 4 Days on Market
  • MLS # : 6170898
  • Updated Date : 12/17/2020 at 02:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Great Oportunity to own this Beautiful Home, 4 Bedrooms 3 full baths, Den Office, perfert to work from home in a great location, Large Kitchen, Stainless steel appliances, gas range, gas heat, gas water heater,granite counter tops, walking large pantry, Large laundry room with Washer & Dryer incuded, latge cover patio, soft water loop, 2 car garage, grass front and back yard, Neer by Parks, Close to Shopping,Golfing, Restaurant, Airport and quick freeway access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonesta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Sonesta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10071981

* 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
Playa Del Rey Elementary School Primary Regular 500 37 7
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Playa Del Rey Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 37
7
GreatSchools Rating

Mesquite Jr High School

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

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,550
Property Tax -$247
Property Insurance -$74
HOA -$49
Property Management Fees -$99
CASH FLOW
$112

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.

$420,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,252

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1303$2,2954$2,2955$2,450
$2,450
RENT COMPS ANALYSIS
  • 927 W Breckenridge Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.89
    •  
  • 1153 W Vaughn Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 890 W Tremaine Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 1107 N Eldon Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.94
    •  
  • 732 W Merrill Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.00
    •  
PROPERTY LISTING DETAILS
Amira Lajam
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170898
Last Updated: 12/17/2020
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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