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2209 E Sausalito Court Gilbert, AZ 85234

4 Beds 2 Baths 2,226 sqft Built 1991

$495,750

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $222.71
  • 2 Days on Market
  • MLS # : 6190838
  • Updated Date : 02/06/2021 at 21:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,226 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

* This Val Vista Lakes beauty IS IT! * UPDATED single level, split floor plan home features formal living and dining rooms * Bright kitchen has beautiful Quartz countertops * Dining area with big bay window and a wood-burning fireplace at the family room are just a few of the nice features found here * 4 bedrooms (one with double doors) are split with one in front, Master nestled off the family room and two secondary bedrooms off the kitchen * Upgrades since Nov 2020: NEW ROOF, entire house painted (exterior & interior), NEW vinyl flooring & carpet along w/new baseboards where vinyl is located, kitchen & bathroom cabinets painted, new toilets and sprinkler repairs * Vaulted ceilings and skylights create an open feeling throughout * Step out of the master bedroom through your double doors

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Harbour at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Harbour at Val Vista Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10141981

* 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
 

$446,175$545,325$495,750

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,722
Property Tax -$292
Property Insurance -$71
HOA -$31
Property Management Fees -$99
CASH FLOW
$46

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.

$495,750

PROJECTED PRICE

$2,260

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,124

INVESTMENT

$137,124

Down Payment
$123,938
Rehab Estimate
$5,750
Closing Costs
$7,436

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,722

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,938
Loan Amount $371,813
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$32,064

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
  • $2,315

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,2955$2,650
$2,650
RENT COMPS ANALYSIS
  • 2209 E Sausalito Court Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1510 E Beacon Drive Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1992
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 1329 N Palmsprings Drive Gilbert, AZ 3
    • 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1996
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 2220 E Marquette Drive Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1994
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.06
    •  
  • 2066 E La Salle Way Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.10
    •  
PROPERTY LISTING DETAILS
Meredith A. Whatcott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190838
Last Updated: 02/06/2021
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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