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2083 E Willow Wick Road Gilbert, AZ 85296

3 Beds 2 Baths 1,877 sqft Built 1997

$385,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $205.11
  • 2 Days on Market
  • MLS # : 6168026
  • Updated Date : 12/05/2020 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Perfect family home in Finley Farms! Remodeled 3 bed/2 bath with a den. You will love everything about this home! All new windows, New AC & water heater. Updated Kitchen with granite counter tops & stainless steel appliances. Updated bathrooms with granite and tiled showers plus new sinks. Spacious master bedroom with huge walk-in closet! Engineered hardwood floors plus tile. Den has French Doors... and just wait until you step into the large back yard! Pebble Tec Pool has fence and new variable-speed pump plus waterfall. Grass, new trees in the back and front, 2 covered patios plus a super nice shed. Come see this one before it disappears! Finley Farms has huge parks, basketball, volleyball and soccer fields. So much to do in this great area!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Finley Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Finley Farms South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9701981

* 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
Finley Farms Elementary School Primary Regular 760 41 8
Greenfield Junior High School Middle Regular 917 44 9
Gilbert High School High Regular 2,470 113 7

Finley Farms Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 41
8
GreatSchools Rating

Greenfield Junior High School

  • Education Level: Middle
  • # of students: 917
  • # of teachers: 44
9
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,420
Property Tax -$226
Property Insurance -$64
HOA -$16
Property Management Fees -$99
CASH FLOW
-$155

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.

$385,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8004$1,8505$1,935
$1,935
RENT COMPS ANALYSIS
  • 2083 E Willow Wick Road Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2253 E San Tan Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
  • 2116 E Catclaw Street Gilbert, AZ 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1996
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 918 S San Joaquin Court Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1994
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 360 S Tanina Street Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1998
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $1.00
    •  
PROPERTY LISTING DETAILS
Amy Haight
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168026
Last Updated: 12/05/2020
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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