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165 W Juanita Avenue Gilbert, AZ 85233

3 Beds 2 Baths 1,437 sqft Built 1985

INVESTimate

$339,900

List Price

$1,460

$1,314 - $1,606

Rent Est.

$361,654  ( +6.40%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $236.53
  • 9 Days on Market
  • MLS # : 6119072
  • Updated Date : 08/21/2020 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,437 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow... you won't want to miss this! Fantastic location minutes away from Downtown Gilbert's Heritage District and no HOA! This lovely home features fresh exterior paint, great room with vaulted ceiling, double french doors lead to office/playroom/bonus room, ceiling fans & 2'' blinds throughout. Amazing custom kitchen boasts beautiful cabinets with soft close, corian counters, black/stainless steel appliances, walk-in pantry + garden window. Inside laundry room conveniently located off of kitchen to garage. Double doors to master bedroom offers large shower and walk-in closet. Good size hall bath has updated raised vanity with granite counter. Enjoy the private backyard with covered patio, grass w/border, mature tree, shed, 2 RV gates + extra slab/driveway & RV pad. A must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Oaktree Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k337k

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

Neighborhood: Oaktree Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8941866

* 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
Oak Tree Elementary School Primary Regular 675 40 6
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Oak Tree Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 40
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,254
Property Tax -$200
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$148

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.

$339,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,869

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
  • $1,556

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5254$1,6245$1,700
$1,700
RENT COMPS ANALYSIS
  • 165 W Juanita Avenue Gilbert, 1
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 210 W San Pedro Avenue Gilbert, 2
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1985
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 170 E Guadalupe Road #119 Gilbert, 3
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1988
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.07
    •  
  • 170 E Guadalupe Road #133 Gilbert, 4
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1986
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,624
    • $1.14
    •  
  • 496 W Harvard Avenue Gilbert, 5
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1996
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Suzi Sayer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119072
Last Updated: 08/21/2020
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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