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Archived 11 months ago

$770,000

5+ bd 4+ ba 3 sqft

XXX E Reins Road, Gillbert, AZ 85297

Residential SFR Occupied Off MLS

Current Rent **

$5,600

Projected Rent **

$5,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

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

End Buyers Only
Gilbert, AZ,85297

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

Location:

XXX E Reins Road, Gillbert, AZ 85297

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.