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3480 S Bluejay Drive Gilbert, AZ 85297

5 Beds 3 Baths 2,182 sqft Built 2011

$369,990

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $169.56
  • 3 Days on Market
  • MLS # : 6161651
  • Updated Date : 11/20/2020 at 18:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,182 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful home with an upgraded 5 bed/3 bath floor plan for a growing family! Community amenities include pools, tennis/sport courts, parks, bike paths, catch and release lakes, and within distance of great local schools! Downstairs includes tile flooring. Some kitchen upgrades include granite counters, custom cabinets, and a gas stove! Backyard has synthetic grass and patio pavers. Master Bedroom is spacious with a dual vanity, walk-in shower and a large closet. Laundry room is upstairs. AC unit is brand new in 2020.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Power Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9591981

* 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
Centennial Elementary School Primary Regular 899 45 9
Centennial Elementary School Middle Regular 899 45 9
Higley High School High Regular 1,596 70 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Centennial Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 45
9
GreatSchools Rating

Higley High School

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

$332,991$406,989$369,990

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,365
Property Tax -$254
Property Insurance -$70
HOA -$46
Property Management Fees -$99
CASH FLOW
-$24

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.

$369,990

PROJECTED PRICE

$1,810

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,797

INVESTMENT

$103,797

Down Payment
$92,498
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,498
Loan Amount $277,493
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$22,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,964

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8103$1,9504$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 3480 S Bluejay Drive Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.83
    •  
  • 3490 S Posse Trail Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2011
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 3485 S Seneca Way Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 3457 S Swan Drive Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2011
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 3514 S Posse Trail Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2012
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Darwin Wall
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161651
Last Updated: 11/20/2020
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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