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1925 E Willow Tree Court Gilbert, AZ 85234

4 Beds 3 Baths 3,024 sqft Built 1988

$725,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $239.75
  • 2 Days on Market
  • MLS # : 6156947
  • Updated Date : 01/29/2021 at 23:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,024 sqft
  • Baths : 2 full , 1 half
Listing Agent

Penfield Properties

Listing Agent's Description

Location, location, location! Resort living at home! Gated lakefront beauty with swimming pool and spa. On the ''big'' lake. Val Vista Lakes offers clubhouse, tennis, racquetball, beach lagoon, Olympic sized pool, boating, fishing, kayaking and many community clubs and events. You don't have to travel to paradise, you can live here!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakeside at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $122k713k

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

Neighborhood: Lakeside at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10363428

* 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
Highland Jr High School Middle Regular 1,269 59 8
Highland High School High Regular 3,065 123 8
Greenfield Junior High School Middle Unknown NA

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Greenfield Junior High School

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

$652,500$797,500$725,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,518
Property Tax -$475
Property Insurance -$86
HOA -$160
Property Management Fees -$99
CASH FLOW
-$429

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.

$725,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3503$2,3994$2,6005$2,910
$2,910
RENT COMPS ANALYSIS
  • 1925 E Willow Tree Court Gilbert, AZ 5
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.96
    •  
  • 715 N Marble Street Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1996
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 2262 E Beachcomber Drive Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 1700 E Lakeside Drive #60 Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,944 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,944 Sqft ∙ Built 1991
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.81
    •  
  • 1758 E Marquette Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Maggie Diamond
Penfield Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156947
Last Updated: 01/29/2021
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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