Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2159 S Sailors Way Gilbert, AZ 85295

6 Beds 4 Baths 3,859 sqft Built 2004

$649,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $168.18
  • 2 Days on Market
  • MLS # : 6178956
  • Updated Date : 01/09/2021 at 04:53
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,859 sqft
  • Baths : 4 full
Listing Agent

Shadow Hawk Realty, Llc

Listing Agent's Description

Beautiful, spacious home with a pool in the best part of Gilbert! Upgraded kitchen with expensive, alder cabinets and granite counter tops. Shutters throughout the home. New tankless water heater. 2 new AC units. Guest suite downstairs with its own dedicated AC unit and full bathroom. Newly renovated master bathroom closets maximizing space. Cozy family room with shelves and fireplace. Pool resurfaced with pebble sheen finish and new tile 2 years ago. The neighborhood is amazing: great neighbors, wide streets, mature trees, and close to shopping, theatres, and plenty of restaurants.

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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,254
Property Tax -$382
Property Insurance -$99
HOA -$21
Property Management Fees -$99
CASH FLOW
-$225

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.

$649,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.41%

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,002

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
  • $2,669

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,7504$2,800
$2,800
RENT COMPS ANALYSIS
  • 2159 S Sailors Way Gilbert, AZ 1
    • 6 beds 4 baths ∙ 3,690 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,690 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1359 E Parkview Drive Gilbert, AZ 2
    • 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.65
    •  
  • 2076 S Porter Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
  • 2124 S Stuart Avenue Gilbert, AZ 4
    • 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001
    property image
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.70
    •  
PROPERTY LISTING DETAILS
Andrew Hawkes
Shadow Hawk Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178956
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy