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

240 E Jasper Court Gilbert, AZ 85296

4 Beds 3 Baths 2,664 sqft Built 1998

$411,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $154.28
  • 4 Days on Market
  • MLS # : 6176509
  • Updated Date : 01/09/2021 at 15:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,664 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This home is in Primo gilbert located right near Gilbert Town square and 2 miles from Down Town Gilbert! Big open kitchen to family room, breakfast bar, tons of storage in laundry, Upstairs has 4 bedrooms all w/ walk in closets + loft room, master bedroom has sitting/office area, Double sinks & separate tub/shower in Master Bath, 2'' faux wood blinds throughout, ceramic tile in kitchen & baths, covered patio. Across from neighborhood park area & no neighbors behind. Master upstairs. 1/2 bath down.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Settler's Point South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k360k

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

Neighborhood: Settler's Point South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10362117

* 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
Settlers Point Elementary School Primary Regular 638 38 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Settlers Point Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 38
8
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
 

$369,900$452,100$411,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,428
Property Tax -$242
Property Insurance -$79
HOA -$18
Property Management Fees -$99
CASH FLOW
$354

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.

$411,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,665

INVESTMENT

$114,665

Down Payment
$102,750
Rehab Estimate
$5,750
Closing Costs
$6,165

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,750
Loan Amount $308,250
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$58,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,344

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2204$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 240 E Jasper Court Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.83
    •  
  • 298 E Jasper Court Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 353 W Dublin Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 345 E Pinto Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.83
    •  
  • 85 W Sheffield Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mike Mazzucco
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176509
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