Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

169 N Honeysuckle Lane Gilbert, AZ 85234

3 Beds 2 Baths 1,994 sqft Built 1988

$459,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $230.64
  • 5 Days on Market
  • MLS # : 6175418
  • Updated Date : 12/30/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,994 sqft
  • Baths : 2 full
Listing Agent

Savanna Realty L.l.c.

Listing Agent's Description

Exceptional family neighborhood with non desert landscaping and mature pecan trees. Close to Amenities and excellent school districts. Easy access to Lyndsey. Block Fenced back yard. Vaulted Ceilings, Wood Fireplace (See Through) Living Room and Den.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k391k

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

Neighborhood: Park Grove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362054

* 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
Burk Elementary School Primary Regular 471 32 7
Burk Elementary School Middle Regular 471 32 7
Gilbert High School High Regular 2,470 113 7

Burk Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Burk Elementary School

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,697
Property Tax -$270
Property Insurance -$66
HOA -$95
Property Management Fees -$99
CASH FLOW
-$147

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.

$459,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.45%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$18,394

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
  • $2,134

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,1005$2,199
$2,199
RENT COMPS ANALYSIS
  • 169 N Honeysuckle Lane Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 34 S Sandstone Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1994
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 239 N Starboard Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 1993
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
  • 1249 E Artesian Way Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1989
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
  • 1233 E Washington Avenue Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1998
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.07
    •  
PROPERTY LISTING DETAILS
Scott Waldron
Savanna Realty L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175418
Last Updated: 12/30/2020
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.

BESbswy