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1518 E Beacon Drive Gilbert, AZ 85234

3 Beds 3 Baths 1,752 sqft Built 1993

$375,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $214.04
  • 2 Days on Market
  • MLS # : 6168141
  • Updated Date : 12/05/2020 at 10:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Rare opportunity to own a beautiful 2-story home with a Private Pool in Val VIsta Lakes! Move-in Ready with Updated Kitchen Cabinets and Countertops, Newer Appliances, Wood Blinds, Water Softener, Cabinets in Laundry Room & Garage Workbench. Distinctive Staircase and Great Fireplace, Dual Pane Windows, Huge Vaulted Ceilngs, Separate Garden Tub and Shower in Master Bath. Beautiful Backyard features a Resurfaced Pool, Newer Pump, Recent Artificial Turf, Stone Retaining Wall & Planters & Pots on Drippers! Recent Pool Sand Filter & Pool Timer, Recent Sun Screens. Award winning Gilbert Schools! Val Vista Lakes features $10 Million Clubhouse, Heated Jr. Olympic Pool, Sandy Beach, Spa, Tennis/Pickle Ball Club, Racquetball, Fishing, Boating & More! Showings 9-6 on Saturday & Sunday only!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Jolla Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: La Jolla Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9631981

* 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
Val Vista Lakes Elementary School Primary Regular 544 35 6
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8

Val Vista Lakes Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 35
6
GreatSchools Rating

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
 

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

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,384
Property Tax -$221
Property Insurance -$61
HOA -$92
Property Management Fees -$99
CASH FLOW
-$86

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

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,514

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
  • $1,980

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8504$1,8505$2,025
$2,025
RENT COMPS ANALYSIS
  • 1518 E Beacon Drive Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 850 N Ahoy Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,618 Sqft ∙ Built 1991
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 837 N Sailors Way Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1991
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 1232 E Scott Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1991
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
  • 1513 E Douglas Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1993
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.27
    •  
PROPERTY LISTING DETAILS
Cindy Flowers
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168141
Last Updated: 12/05/2020
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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