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953 E Lodgepole Drive Gilbert, AZ 85298

4 Beds 4 Baths 2,961 sqft Built 2006

$675,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $227.96
  • 5 Days on Market
  • MLS # : 6196398
  • Updated Date : 02/26/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,961 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

A beautiful 1 level, split floorplan, 4 bed 4 bath home in the Felty Farms community. Extra care has been taken to this home. Master bedroom with built-in, walk-in closet, jacuzzi tub and separate shower. Dual master bedroom, great for guests or other family members. Large kitchen with upgrade cabinetry, granite countertops and appliances to include but not limited to stainless double ovens, stainless refrigerator and gas cook top, Large family room, eat in kitchen, pantry, separate living and dining room, designer lighting fixtures, white shutters and window coverings throughout. Larger laundry room with sink, 3-car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Felty Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k422k

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

Neighborhood: Felty Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362125

* 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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

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

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,345
Property Tax -$472
Property Insurance -$85
HOA -$70
Property Management Fees -$99
CASH FLOW
-$571

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.

$675,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 0.8%
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-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,658

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,5504$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 953 E Lodgepole Drive Gilbert, AZ 1
    • 4 beds 4 baths ∙ 2,961 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,961 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1281 E Baranca Road Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 1578 E Cassia Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2005
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
  • 4622 S Onyx Drive Chandler, AZ 4
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
  • 1131 E Bajor Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kelly Riordan Zale
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196398
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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