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225 W Smoke Tree Road Gilbert, AZ 85233

4 Beds 3 Baths 2,384 sqft Built 1994

$504,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $211.41
  • 3 Days on Market
  • MLS # : 6202785
  • Updated Date : 03/06/2021 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,384 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

You're gonna love this home. Right in the heart of town, you can literally ride your bike to down town Gilbert. Or take a walk and check out some of the neighborhood lakes and parks. This home has all the upgrades and updates that you could want in a home in this area. Walk in to huge vaulted ceiling and an open formal/game area. The great room even has those vaulted ceiling with plantation shutters all around. Fresh cabinets, countertops and floors. Master and laundry is down stairs. Upstairs has 3 bedrooms and a small loft/study area. Out back has a great pool with a new variable speed pump and low maintenance landscaping. This home has been in the same family since it was built and now its ready for yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Lago Estancia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9751981

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$453,600$554,400$504,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,751
Property Tax -$296
Property Insurance -$74
HOA -$71
Property Management Fees -$99
CASH FLOW
-$231

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.

$504,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,310

INVESTMENT

$139,310

Down Payment
$126,000
Rehab Estimate
$5,750
Closing Costs
$7,560

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,751

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,000
Loan Amount $378,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,878

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
  • $2,307

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,1004$2,1955$2,375
$2,375
RENT COMPS ANALYSIS
  • 225 W Smoke Tree Road Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1060 S Pueblo Street Gilbert, AZ 2
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 343 W Temple Court Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2000
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 626 W Palo Verde Street Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1988
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 687 S Sahuaro Drive Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 1993
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.03
    •  
PROPERTY LISTING DETAILS
Max Dewitt
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202785
Last Updated: 03/06/2021
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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