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3347 E Windsor Drive Gilbert, AZ 85296

5 Beds 5 Baths 3,063 sqft Built 2006

$450,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.91
  • 3 Days on Market
  • MLS # : 6189280
  • Updated Date : 02/06/2021 at 00:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,063 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Located in the highly sought after area of North Gilbert. Minutes to Joe's Farm Grill, Barnone and easy access to the 202. Room to spread out with over 3000 sq ft of living space, 5 bedrooms + loft, 4.5 bathrooms, 3 car garage, a new AC in 2019, a spacious formal living area with soaring ceilings, as well as a separate open concept family room, perfect for entertaining. Gorgeous kitchen boasts granite countertops, cherry cabinets and a center island with breakfast bar seating. Upstairs your will find a loft and 2 master bedrooms. Master retreat includes en-suite with his and her vanities, soaking tub and separate shower. Enjoy relaxing on your covered patio overlooking the low maintenance backyard. Enjoy the community pool an splash pad! Do not miss out. Schedule your private showing today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Higley Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Higley Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9471981

* 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
Cooley Middle School Middle Unknown 915 39 NA
Williams Field High School High Regular 1,705 64 7

Cooley Middle School

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 39
NA
GreatSchools Rating

Williams Field High School

  • Education Level: High
  • # of students: 1,705
  • # of teachers: 64
7
GreatSchools Rating
 

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

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,563
Property Tax -$307
Property Insurance -$87
HOA -$37
Property Management Fees -$99
CASH FLOW
$237

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

$2,330

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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

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$1.2M

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$46,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,504

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,4953$2,5004$2,6505$2,695
$2,695
RENT COMPS ANALYSIS
  • 3347 E Windsor Drive Gilbert, AZ 1
    • 5 beds 5 baths ∙ 3,063 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,063 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.76
    •  
  • 3291 E Franklin Avenue Gilbert, AZ 2
    • 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
  • 3305 E Windsor Drive Gilbert, AZ 3
    • 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 3454 E Megan Street Gilbert, AZ 4
    • 5 beds 5 baths ∙ 3,200 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,200 Sqft ∙ Built 2012
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
  • 2914 E Dublin Street Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,249 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,249 Sqft ∙ Built 2012
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Gina Kent
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189280
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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