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225 N Honeysuckle Lane Gilbert, AZ 85234

5 Beds 3 Baths 2,985 sqft Built 1994

INVESTimate

$450,000

List Price

$2,180

$1,962 - $2,398

Rent Est.

$465,435  ( +3.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $150.75
  • 7 Days on Market
  • MLS # : 6120147
  • Updated Date : 08/22/2020 at 01:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,985 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Spacious Spanish-style home in the peaceful Stonebridge Lakes - 5 Bed, 2.5 Bath, 2,985 Sq.Ft with luxe wood floors, elegant baths featuring custom tile work & vanities. The Master includes a full master bath, private toilet room, double sinks, small private office space, and walk-in closet. While the other bedrooms also include a walk-in closet, private walk-out deck & separate bedroom exit. The luxury kitchen features granite counter tops, stainless appliances, island, breakfast bar, formal dining room, vaulted ceilings & opens into the large family room. With the abundance of natural light throughout the family room, kitchen & dining space, this house is great for entertaining. The front & backyard are manicured and has a large 3 car garage with RV gate.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonebridge Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k430k

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

Neighborhood: Stonebridge Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362185

* 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
Burk Elementary School Primary Regular 471 32 7
Burk Elementary School Middle Regular 471 32 7
Gilbert High School High Regular 2,470 113 7

Burk Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Burk Elementary School

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Gilbert High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,660
Property Tax -$265
Property Insurance -$85
HOA -$61
Property Management Fees -$99
CASH FLOW
$10

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.

$450,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,425

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
  • $2,410

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 225 N Honeysuckle Lane Gilbert, 1
    • 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 618 E Sage Brush Street Gilbert, 2
    • 5 beds 3 baths ∙ 2,941 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,941 Sqft ∙ Built 1991
    LEASED 03/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
  • 448 E Palo Brea Court Gilbert, 3
    • 5 beds 3 baths ∙ 3,045 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,045 Sqft ∙ Built 1997
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 1655 E Washington Court Gilbert, 4
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 432 E Stonebridge Drive Gilbert, 5
    • 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1991
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sabina Smailbegovic
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120147
Last Updated: 08/22/2020
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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