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1836 W Aspen Avenue Gilbert, AZ 85233

5 Beds 3 Baths 3,273 sqft Built 1994

INVESTimate

$509,000

List Price

$2,390

$2,151 - $2,629

Rent Est.

$537,250  ( +5.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $155.51
  • 1 Days on Market
  • MLS # : 6108814
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,273 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

COMING SOON!!!! You are looking at a beautifully well maintained house situation on Kokopelli Golf Course. Recently remodeled kitchen with self closing drawers. Master bed has a walkout patio that over looks the sparking pool and attached jacuzzi. This home has it all, dont miss out!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Dorado Lakes Golf Community

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $122k397k

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

Neighborhood: El Dorado Lakes Golf Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361991

* 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
Playa Del Rey Elementary School Primary Regular 500 37 7
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Playa Del Rey Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 37
7
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
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,151$2,629$2,390

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,878
Property Tax -$299
Property Insurance -$91
HOA -$35
Property Management Fees -$99
CASH FLOW
-$12

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.

$509,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.55%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$33,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,561

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3903$2,4004$2,6005$2,795
$2,795
RENT COMPS ANALYSIS
  • 1836 W Aspen Avenue Gilbert, 2
    • 5 beds 3 baths ∙ 3,273 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,273 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.73
    •  
  • 1408 W Heather Avenue Gilbert, 1
    • 4 beds 3 baths ∙ 3,118 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,118 Sqft ∙ Built 1999
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 825 W Laredo Avenue Gilbert, 3
    • 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,171 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 953 N Layman Street Gilbert, 4
    • 5 beds 3 baths ∙ 3,273 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,273 Sqft ∙ Built 1995
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 1115 W Mesquite Street Gilbert, 5
    • 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6108814
Last Updated: 08/26/2020
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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