Hello all,
The house we posted 5 days ago is SOLD!
As many if our clients are interested in Chandler/Gilbert- we are searching for good deals in those areas too.
Chandler and Gilbert are the most upscale towns in the East Valley (after Scottsdale- which is beautiful but with low ROI for investors). Intel and many other hi-tech companies are located there and they are hiring thousands of new employees which means rentals are very popular in those towns and also the properties might appreciate well along with the hiring processes.
As a rule- the higher the value of the property- the lower the ROI, so if you are looking for a minimal investment Chandler and Gilbert are not the best choice for you. However- if you are looking for a great investment that might appreciate well in the next few years- you should go for this one!
- Beautiful 3 bedrooms/2.75 baths, - 1650 sqf.
- Lot size- 4,918 sqft
- 15 minutes drive from Intel! Excellent schools!
- Sales price $ 149,000 for FULL package (repairs and tenant included so you buy for approximately $135K base price! ).
- Market Value- $155-$160.
- Est. rent- $ 1200
Est. expenses-
Taxes- $100 per month
Est. HOA- $ 45 per month
Est. Insurance- $50 per month
Prop. management- $ 75 per month.
Cashflow for cash transactions: $ 930 per month, yearly income $ 11,160, ROI- 7.5 %
Est. cashflow for loan transactions- $ 290 per month, yearly income $ 3480, ROI- 9.4 %
(Loan calculated based on 25% downpayment, for 30 years at 5.5% interest.)
Address: 831 W. Sierra Madre Ave., Gilbert AZ.
Please contact me FAST if you would like additional information as I don't want us to miss it!
Naomi.
naomiesal@gmail.com
