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1047 W Juanita Avenue Gilbert, AZ 85233

4 Beds 3 Baths 2,106 sqft Built 1995

$464,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $220.75
  • 6 Days on Market
  • MLS # : 6175398
  • Updated Date : 12/31/2020 at 15:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,106 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

BEST PROPERTY LOT LOCATION IN THE AREA.. LOCATED AT END OF CUL DE SAC WITH A PARK ON WEST SIDE THAT WRAPS AROUND TO THE REAR OF THE PROPERTY ONLY ONE ADJACENT NEIGHBOR, EXTREMELY PRIVATE, QUIET LOCATION. WELL MAINTAINED HOME IN MOVE-IN CONDITION, ENTER THE HOME INTO SPACIOUS FOYER FACING THE STAIRCASE TO THE UPSTAIRS AND AS YOU FOLLOW ALONG YOU PASS THE FORMAL LIV/DINING ROOM THAT LEADS TO LARGE OPEN EATIN COUNTRY KITCHEN, PATO DOORS LEAD OUT TO A LARGE REAR YARD DESIGNED FOR ENTERTAINING AND RELAXATION, THE COVERED PATIO LOOKS OUT TO A BEEHIVE FIREPLACE AND A SPARKLING PLAY POOL THERE IS A SMALL GRASS AREA FOR THE PETS.. roof replaced 2016 with warranty

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PRICE & RENT TRENDS

Neighborhood: Kaufman and Broad at Cooper Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Kaufman and Broad at Cooper Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9251981

* 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
Oak Tree Elementary School Primary Regular 675 40 6
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Oak Tree Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 40
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$418,410$511,390$464,900

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 -$1,715
Property Tax -$273
Property Insurance -$68
HOA -$40
Property Management Fees -$99
CASH FLOW
-$116

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.

$464,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,715

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,939

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2504$2,2955$2,450
$2,450
RENT COMPS ANALYSIS
  • 1047 W Juanita Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1114 N Whipple Court Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 908 W Juanita Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1994
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 1107 N Eldon Court Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.94
    •  
  • 913 W Juanita Avenue Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1994
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Nicholas Klintberg
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175398
Last Updated: 12/31/2020
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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