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1814 S Southwind Court Gilbert, AZ 85295

4 Beds 2 Baths 2,731 sqft Built 1997

$589,900

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $216.00
  • 2 Days on Market
  • MLS # : 6207176
  • Updated Date : 03/20/2021 at 22:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,731 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Be prepared to take in everything this perfect single story home has to offer starting with a premium over sized cul-de-sac corner lot in one of Gilberts best neighborhoods. Inside, you will love how expansive this home feels from the living/dining room all the way through to the welcoming great room, both with high vaulted ceilings that seem to go on forever. Pay special attention to the new wood-tile flooring, carpet, fresh paint and newly upgraded kitchen with a massive granite island & counters, new stainless steel appliances and custom recessed lighting. The split floor plan has 4 very spacious bedrooms with no common walls between any of them for extra privacy. Click to read more 👉🏼

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Springtree

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k426k

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

Neighborhood: Springtree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10362066

* 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
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8
South Valley Jr. High School Middle Unknown NA

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

South Valley Jr. High School

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

$530,910$648,890$589,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,049
Property Tax -$347
Property Insurance -$80
HOA -$17
Property Management Fees -$99
CASH FLOW
-$282

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.

$589,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$13,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,485

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,3104$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 1814 S Southwind Court Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,731 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,731 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.85
    •  
  • 1046 E Phelps Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 298 E Jasper Court Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 1240 E Sheffield Court Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1998
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.96
    •  
  • 953 E Boston Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tom Plyler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207176
Last Updated: 03/20/2021
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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