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1019 E Julian Drive Gilbert, AZ 85295

4 Beds 3 Baths 2,536 sqft Built 2004

$408,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $160.88
  • 4 Days on Market
  • MLS # : 6154426
  • Updated Date : 11/05/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,536 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

HURRY! Beautiful Gilbert home with a pool in the Spectrum at Val Vista just minutes away from the 202. This two story gem is only blocks away from Spectrum Elementary and is only minutes away from shopping and dining at San Tan Village Market Place. This 4 bedroom and 3 bath home has a large loft upstairs, fully carpeted upstairs and dark wood tile floors downstairs. Remodeled kitchen with quartz counter tops. Please don't miss out on this great deal on a great home in a great location. SELLER TO REVIEW ALL OFFERS ON MONDAY. PLEASE DATE ALL OFFERS TO EXPIRE ON MONDAY @ 7PM.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Spectrum at Val Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9981981

* 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
Spectrum Elementary School Primary Regular 713 41 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Spectrum Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
8
GreatSchools Rating

South Valley Jr. High School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 53
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$367,200$448,800$408,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,505
Property Tax -$249
Property Insurance -$77
HOA -$30
Property Management Fees -$99
CASH FLOW
$119

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.

$408,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,870

INVESTMENT

$113,870

Down Payment
$102,000
Rehab Estimate
$5,750
Closing Costs
$6,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,000
Loan Amount $306,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$40,272

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9954$2,0805$2,100
$2,100
RENT COMPS ANALYSIS
  • 1019 E Julian Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.82
    •  
  • 1199 E Marcella Lane Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 1220 E Marcella Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 1182 E Frances Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 1046 E Phelps Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Scott Grimes
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154426
Last Updated: 11/05/2020
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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