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1083 S Cottonwood Court Gilbert, AZ 85296

3 Beds 2 Baths 1,340 sqft Built 1997

$330,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $246.27
  • 4 Days on Market
  • MLS # : 6198014
  • Updated Date : 02/26/2021 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,340 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Beautiful home on the corner lot! Welcome to this open floor plan located in the highly desirable Settler's Point community! This well maintained property offers plenty of features for you and your guests to enjoy... The kitchen offers plenty of granite countertops plus a kitchen island for meal prep or entertaining... you won't run out of room for your cooking essentials in these spacious cabinets... Enjoy your favorite glass of wine or read a novel in the quiet setting of the home! There's a large master suite and the secondary bedrooms are perfect size for kids and guests... You'll be in the perfect location, near Life Time Fitness, restaurants, shopping and more! You'll also have easy access to highway 87 and near the lower 202 freeway...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gilbert

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gilbert

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361987

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
Mesquite Jr High School Middle Unknown NA

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

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,146
Property Tax -$194
Property Insurance -$53
HOA -$19
Property Management Fees -$99
CASH FLOW
$138

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.

$330,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$31,348

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
  • $1,501

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4903$1,5504$1,5705$1,595
$1,595
RENT COMPS ANALYSIS
  • 1083 S Cottonwood Court Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 869 S Honeysuckle Lane Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.10
    •  
  • 103 W Jasper Drive Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 527 E Kyle Court Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.12
    •  
  • 644 E Devon Drive Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1997
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198014
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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