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3386 S Joshua Tree Lane Gilbert, AZ 85297

4 Beds 2 Baths 2,136 sqft Built 2001

$450,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $210.67
  • 3 Days on Market
  • MLS # : 6186935
  • Updated Date : 01/29/2021 at 15:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,136 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

GREAT CURB APPEAL: STONE ACCENTED FRONT ELEVATION, 4 BEDROOM, 2 BATH, 3 CAR GARAGE IN A SINGLE LEVEL, HUGE LOT IN THE NEIGHBORHOOD, EXTENDED GARAGE (28'DEEP), 10 FOOT WIDE RV GATE, FORMAL LIVING ROOM/DINING ROOM AREA, LARGE FAMILY ROOM, SPLIT BEDROOM PLAN, TRAVERTINE FLOORING IN TRAFFIC AREAS, KITCHEN, BATH. BACK PATIO HAS ELECTRIC ROLLDOWN SHADE. PRIVATE POOL WITH BAJA DECK AND DEEPER SWIM AREAS. GARAGE HAS 50 AMP PLUGS FOR WELDER AND RV.....MANY COMMUNITY PARKS/GREENBELTS **CONVENIENT LOCATION NEAR LOOP 202, NEW HOSPITAL, NEW SCHOOLS, MANY NEW SHOPPING CENTERS.

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PRICE & RENT TRENDS

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: San Tan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9371981

* 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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,563
Property Tax -$307
Property Insurance -$69
HOA -$13
Property Management Fees -$99
CASH FLOW
-$251

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

$1,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

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 55% 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

2.42

YEARS SAVED

$8,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9503$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3386 S Joshua Tree Lane Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 3893 E Claxton Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 2007
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 3242 S Moccasin Trail Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 2973 S Fisher Lane Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 4175 E Sandy Way Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dean N Becker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186935
Last Updated: 01/29/2021
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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