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2727 S Sailors Way Gilbert, AZ 85295

3 Beds 2 Baths 1,357 sqft Built 2004

$270,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $198.97
  • 3 Days on Market
  • MLS # : 6164258
  • Updated Date : 11/28/2020 at 11:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,357 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Buy & hold investment opportunity in this tenant occupied property.3 bedroom/2bath with greatroom floor plan, grassy yard and 2 car garage. Open kitchen has lots of cabinets and island. Freshly painted. Gas dryer hook-up. In popular ''Val Vista Corridor,'' close to parks, school, shopping, and freeway access. This is a tenant occupied property with a lease till 03/31/2021. Lease conveys with the sale.

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PRICE & RENT TRENDS

Neighborhood: Villages at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Villages at the Spectrum

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9661981

* 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
Spectrum Elementary School Primary Regular 713 41 8
South Valley Jr. High School Middle Regular 1,193 53 9
Campo Verde High School High Regular 2,094 86 8

Spectrum Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 41
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$996
Property Tax -$165
Property Insurance -$54
HOA -$30
Property Management Fees -$99
CASH FLOW
$6

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.

$270,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,6004$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 2727 S Sailors Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 2754 S Sulley Drive #101 Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2008
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 1172 E Hampton Lane Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 1153 E Hampton Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 1104 E Lowell Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2004
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.06
    •  
PROPERTY LISTING DETAILS
Matthew Mckenney
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164258
Last Updated: 11/28/2020
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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