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1906 S Boulder Court 
Gilbert, AZ
85295
4 Beds 2 Baths 2,101 sqft
Built 2001
INVESTimate
$449,000
List Price
$124,735
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $213.71
- 2 Days on Market
- MLS # : 6121444
- Updated Date : 08/25/2020 at 18:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,101 sqft
- Baths : 2 full
Listing Agent
Superlative Realty
Listing Agent's Description
This Jackson property is very unique. On nearly a third of an acre, this home is ready for move in. The kitchen is well designed with granite countertops and a Subzero refrigerator. The laminate floors and beautiful cabinetry throughout the home make it feel larger than it really is. Mature trees surround the well lit, 1,100 square foot PARTY PATIO in the backyard! You'll also find nicely designed raised bed gardens for your flowers and vegetables. The three car garage has epoxy floors and custom cabinets to provide the storage that many Arizona homeowners desire. Priced to sell, don't miss out on this great opportunity! See it NOW before its gone. No Showing till Saturday the 29th 10am
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PRICE & RENT TRENDS
Neighborhood: Ashland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$264 | |
| Property Insurance | -$68 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$449,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.66% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,735
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
2.42
YEARS SAVED
$9,930
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,954
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1906 S Boulder Court Gilbert, 2
- 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,880
- $0.89
-
1938 S Sandstone Street Gilbert, 1
- 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1998
LEASED 10/16/19- Rent
- Rent Per SQFT
- $1,850
- $0.91
-
1707 E Milky Way Gilbert, 3
- 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
1432 E Oakland Street Gilbert, 4
- 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,950
- $0.91
-
1557 E Megan Street Gilbert, 5
- 3 beds 4 baths ∙ 2,197 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,197 Sqft ∙ Built 2020
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
PROPERTY LISTING DETAILS
Superlative Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121444
Last Updated: 08/25/2020
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.
