Gilbert, AZ | Net Equity: $ 120K | $ 67,200 PREPAID Rent

[Alex Arguelles]

End Buyers Only
Gilbert, AZ,85297

https://www.biggerpockets.com/real-estate-listings/gilbert-a...

Investment Opportunity + Leaseback:
Asking Price: $ 770K
Net Equity: $ 120K
Net Equity Formula: Market Value - Asking Price = Net Equity
Market Value ($890,000) - Asking Price ($770,000) = Net Equity ($120,000)
Monthly Rent: $ 5,600 with 12 months of prepaid rent + deposit
Total rental income: $ 67,200

5 BD / 4.5 BA
Sq. Ft: 3,698
Lot size (Acres): .2
Year Built: 2002
Seller wants to stay as a tenant

Why buy this property?
Shopping and dining nearby within 1.5 Mi
Several schools within 1.8 Mi
Arizona State University Polytechnic Campus 2.8 Mi
Phoenix-Mesa Gateway Airport 3.6 Mi
Fire Station 1.8 Mi

Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities

DISCLAIMER:
DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION.