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1122 E Windsor Drive Gilbert, AZ 85296

3 Beds 2 Baths 1,620 sqft Built 1998

$375,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $231.48
  • 6 Days on Market
  • MLS # : 6199099
  • Updated Date : 02/27/2021 at 02:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Check this adorable, 3 bedroom, 2 bath home in Gilbert's Lindsay Ranch!! Split floor plan, large master bedroom and master bath!Newer wood laminate flooring! Nice size back yard with a ton of grass or room to build a pool! New AC UNIT! Extremely well maintained home close to down town Gilbert, parks, shopping, restaurants and so much more!

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

South Valley Jr. High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,303
Property Tax -$221
Property Insurance -$59
HOA -$15
Property Management Fees -$99
CASH FLOW
$45

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.

$375,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7403$1,7504$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1122 E Windsor Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.07
    •  
  • 1236 S Boulder Street #d Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 1375 E Betsy Lane Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 1045 E Baylor Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 1108 E Betsy Lane Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Darwin Wall
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199099
Last Updated: 02/27/2021
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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