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

Maricopa County, Gilbert, AZ, 85297
Sold
Listed at: February 29th, 2024
Price
$770,000
Sq. Footage
3698
Type
Single-Family
Parking
Garage
Year build
2002
Lot size
0.24 acres
Bedrooms
5
Bathrooms
4
Half Bathrooms
1
Summary

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

To secure this property, click the button
For more info: Text JUAN 786-490-2402


DISCLAIMER:

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

 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Juan Basto

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Disposition manager