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960 E Wimpole Avenue Gilbert, AZ 85297

4 Beds 2 Baths 1,798 sqft Built 2012

$405,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $225.25
  • 3 Days on Market
  • MLS # : 6164624
  • Updated Date : 11/28/2020 at 14:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,798 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Layton Lakes Beauty!! This 4 bedroom, 2 bathroom impeccable SINGLE STORY home has an open floorplan with tile throughout (no carpet!), beautiful kitchen with designer backsplash and perfect view of family room, large bedrooms, and a backyard that is an absolute serene dream! Perfect Gilbert location near freeways, restaurants, and shopping--You don't want to miss out on this one!

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,494
Property Tax -$284
Property Insurance -$62
HOA -$32
Property Management Fees -$99
CASH FLOW
-$211

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.

$405,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,924

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8503$1,8954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 960 E Wimpole Avenue Gilbert, AZ 1
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.98
    •  
  • 4749 S Watauga Drive Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2013
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 4950 S Twinleaf Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 2015
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 845 E Euclid Avenue Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 1027 E Euclid Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2009
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Angelica Bermudez
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164624
Last Updated: 11/28/2020
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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