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955 S 132nd Street Gilbert, AZ 85233

4 Beds 3 Baths 2,647 sqft Built 1999

$579,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $218.74
  • 6 Days on Market
  • MLS # : 6151930
  • Updated Date : 11/05/2020 at 10:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Amazing Location! Walkability to Gilbert Town Square to enjoy dining & movie theater. Located on a huge 20,250 SF lot. Great open floor plan, soaring ceilings, huge pool & so close to everywhere you want to be! This Scott Home is of high quality construction, has neutral finishes, great yard for entertaining, relaxing or playing & has been lovingly cared for. With 4 bedrooms, Loft & Den, 2.5 baths, this home is the perfect size! Owner's suite upstairs has a beautiful oversized bath with a separate tub & shower. Newer carpet, freshly painted - ready to move right in or add your personal design touches. Resort like backyard with covered patio heated pool & spa, built in BBQ & separate firepit perfect for entertaining.Large storage shed in the backyard

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Raven Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Raven Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
Settlers Point Elementary School Primary Regular 638 38 8
South Valley Jr. High School Middle Regular 1,193 53 9
Mesquite High School High Regular 2,000 82 6

Settlers Point Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 38
8
GreatSchools Rating

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Mesquite High School

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

$521,100$636,900$579,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,136
Property Tax -$341
Property Insurance -$79
HOA -$50
Property Management Fees -$99
CASH FLOW
-$445

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.

$579,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,402

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,2003$2,2604$2,3505$2,495
$2,495
RENT COMPS ANALYSIS
  • 955 S 132nd Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.85
    •  
  • 918 W Coast Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1987
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.82
    •  
  • 353 W Dublin Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 85 W Sheffield Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 1118 W Newport Beach Drive Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1987
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151930
Last Updated: 11/05/2020
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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