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1080 E Windsor Drive Gilbert, AZ 85296

4 Beds 3 Baths 2,324 sqft Built 1998

$440,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $189.33
  • 2 Days on Market
  • MLS # : 6159297
  • Updated Date : 11/13/2020 at 16:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,324 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this beautiful 4 bedroom, 3 bathroom move in ready home. Enjoy the large open kitchen with raised cabinets, island, stainless steel appliances and a open family room. A bedroom and full bathroom downstairs. The large master bedroom upstairs has 2 walk in closets, separate tub and shower, double sinks and a sitting room/office. Walk out to a extended covered patio with speakers and fans. A beautiful heated pool with a grotto waterfall , slide, therapeutic message jets and a in-floor cleaning system with remote control. This home has 2 wifi thermostats and a 2.5 car garage. Professional photos to come.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lindsay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lindsay Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9871981

* 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
Mesquite Elementary School Primary Regular 612 34 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Mesquite Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 34
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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,623
Property Tax -$259
Property Insurance -$72
HOA -$15
Property Management Fees -$99
CASH FLOW
-$108

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.

$440,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,086

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9603$2,0004$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 1080 E Windsor Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.84
    •  
  • 1062 S Butte Lane Gilbert, AZ 1
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 1996
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 1115 E Sheffield Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1997
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 298 E Jasper Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 1346 S Palomino Creek Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,237 Sqft ∙ Built 1998
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
PROPERTY LISTING DETAILS
Dawna Ruiz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159297
Last Updated: 11/13/2020
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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