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3532 E Windsor Drive Gilbert, AZ 85296

5 Beds 4 Baths 3,063 sqft Built 2006

$485,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $158.34
  • 3 Days on Market
  • MLS # : 6199473
  • Updated Date : 02/26/2021 at 07:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,063 sqft
  • Baths : 3 full , 1 half
Listing Agent

Savanna Realty L.l.c.

Listing Agent's Description

HURRY THIS WONT LAST LONG , HIGHLY DESIRABLE 5 BEDROOM HOME IN THE HEART OF GILBERT WITH ALL OF THE NEW BUILDING GOING ON AND ALL THE NEW RESTURANTS AND SHOPS GOING UP . THIS IS THE TIME TO GET INTO THIS FANTASTIC NEIGHBORHOOD .MINUTES FROM JOES FARM GRILL, BARONE AND ALL OF THE NEW RESTURANTS COMING IN !!!.5 BEDROOMS PLUS A LOFT , 3.5 BATHS , 3 CAR INSULATED GARAGE , WHICH HAS A GARAGE A/C UNIT.GEORGEOUS KITCHEN BOASTS GRANITE COUNTERTOPS AND DARK CABINETS HAS A SEPERATE LIVING ROOM AND A OPEN CONCEPT FAMILY ROOM WITH CAT 5 THROUGHOUT THE HOME INCLUDING THE GARAGE FOR ALL OF YOUR INTERNET NEEDS . HOME HAS ADDITIONAL INSULATION TO SAVE ON ENERY COSTS DURING OUR SUMMER HEAT WHICH IS A MUST. UPGRADED A/C UNITS 4 AND 4.5 TON AS COMPARED TO THE USUAL 3 AND 3,5 TON A HUGE DIFFERENCE,

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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,685
Property Tax -$331
Property Insurance -$87
HOA -$17
Property Management Fees -$99
CASH FLOW
-$9

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.

$485,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.46%

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

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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$26,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,427

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,3004$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 3532 E Windsor Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,063 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,063 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3439 E Orchid Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2010
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 3457 E Orchid Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2010
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 3305 E Windsor Drive Gilbert, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jay Thalheimer
Savanna Realty L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199473
Last Updated: 02/26/2021
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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