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1225 E Sea Gull Drive Gilbert, AZ 85234

5 Beds 3 Baths 3,084 sqft Built 1991

$530,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $171.85
  • 3 Days on Market
  • MLS # : 6199500
  • Updated Date : 02/27/2021 at 01:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,084 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Enjoy your grassy, picturesque curb appeal w/ fountain, 3 car garage w/built-in cabinets & backyard shed. Gorgeous pool, hot tub w/ newer heat pump, turf, putting green & large covered patio. Owned solar panels! 5 bd, 3 bath, formal dining room, open living room w/bay window, & a huge family room perfect for entertainment. Downstairs bedroom & full bath ideal for guests or that perfect mother-in-law. Chef's kitchen offers plethora of cabinets w/ custom pullouts, granite counters, SS appliances, center island w/breakfast bar & hanging pot rack. Oversized master suite boasts an ample walk-in closet, remodeled tile rain shower with garden tub, & double sink vanity. New ACs in '15 & '16 & air ducts cleaned & sealed. Water softener owned. Home Warranty Offered!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palisades at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k430k

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

Neighborhood: Palisades at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10182118

* 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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Greenfield Junior High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Greenfield Junior High School

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

$477,000$583,000$530,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,841
Property Tax -$312
Property Insurance -$87
HOA -$92
Property Management Fees -$99
CASH FLOW
$339

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$530,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$64,816

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
  • $3,092

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,8004$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1225 E Sea Gull Drive Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,084 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,084 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1758 E Marquette Drive Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
  • 1326 E Catamaran Drive Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 1549 E Catamaran Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1988
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.03
    •  
  • 541 E Leah Lane Gilbert, AZ 5
    • 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 1987 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 1987
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kelly Duke
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199500
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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