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2089 S Sailors Way Gilbert, AZ 85295

6 Beds 4 Baths 3,950 sqft Built 2004

$599,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $151.87
  • 3 Days on Market
  • MLS # : 6172825
  • Updated Date : 12/19/2020 at 09:25
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,950 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome home to Sailors Way in the coveted Ashland Ranch community. This charming 6/4 is just what you have been looking for! Head inside and walk into a grand foyer space complete with focal mosaic inlay. To the left is a formal dining and living room space that is over looked by the second floor loft. Head to the right and you will be led into the heart of the home. This open, family and eat in kitchen space is perfect for entertaining. The natural light in the space is abundant. When the sun goes down the recessed lighting throughout will keep the area nice and bright. The kitchen has a view of the fireplace in the family space. The kitchen itself has a surplus of storage space between the numerous cabinets as well as the walk-in pantry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k414k

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

Neighborhood: Ashland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362128

* 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
Ashland Ranch Elementary School Primary Regular 776 44 7
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Ashland Ranch Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 44
7
GreatSchools Rating

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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,213
Property Tax -$353
Property Insurance -$104
HOA -$18
Property Management Fees -$99
CASH FLOW
-$138

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.

$599,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$29,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,752

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,6503$2,8004$3,200
$3,200
RENT COMPS ANALYSIS
  • 2089 S Sailors Way Gilbert, AZ 2
    • 6 beds 4 baths ∙ 3,950 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,950 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.67
    •  
  • 3182 S Corrine Court Gilbert, AZ 1
    • 5 beds 3 baths ∙ 3,621 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,621 Sqft ∙ Built 2003
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.64
    •  
  • 2124 S Stuart Avenue Gilbert, AZ 3
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.70
    •  
  • 638 E Elgin Street Gilbert, AZ 4
    • 5 beds 4 baths ∙ 4,242 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,242 Sqft ∙ Built 2004
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.75
    •  
PROPERTY LISTING DETAILS
Eric Brossart
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172825
Last Updated: 12/19/2020
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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