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1701 E Dogwood Lane Gilbert, AZ 85295

3 Beds 3 Baths 1,946 sqft Built 2020

INVESTimate

$402,859

List Price

$1,690

$1,521 - $1,859

Rent Est.

$440,043  ( +9.23%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $207.02
  • 2 Days on Market
  • MLS # : 6122112
  • Updated Date : 08/24/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,946 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maracay Realty

Listing Agent's Description

Located in The Lakes at Annecy, this beautiful condominium home features Tahoe painted linen white cabinets with 42'' uppers, quartz kitchen countertops, Blanco single bowl kitchen sink, designer kitchen backsplash, G.E. slate kitchen appliances, 10' center pull sliding glass door in loft, 12'' x 24'' tile throughout great room and kitchen, glass french door entry to den, two-tone interior paint, corner homesite, Walking Distance to Lakes, Community Pool & Park & Close to San Tan Mall.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Val Vista Classic

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $93k358k

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

Neighborhood: Val Vista Classic

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9921981

* 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
Spectrum Elementary School Primary Regular 713 41 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Spectrum Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
8
GreatSchools Rating

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
 

$362,573$443,145$402,859

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,486
Property Tax -$239
Property Insurance -$65
HOA -$224
Property Management Fees -$99
CASH FLOW
-$423

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$402,859

PROJECTED PRICE

$1,690

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.23%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,758

INVESTMENT

$108,758

Down Payment
$100,715
Rehab Estimate
$2,000
Closing Costs
$6,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,486

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,715
Loan Amount $302,144
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,8003$1,8004$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 1701 E Dogwood Lane Gilbert, 1
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.87
    •  
  • 1489 E Joseph Way Gilbert, 2
    • 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2004
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 1674 E Joseph Way Gilbert, 3
    • 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 1676 E Joseph Way Gilbert, 4
    • 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
  • 2794 S Alpine Drive Gilbert, 5
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Craig Tucker
Maracay Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122112
Last Updated: 08/24/2020
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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