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4023 E Betsy Court Gilbert, AZ 85296

4 Beds 3 Baths 2,285 sqft Built 2003

$450,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $196.94
  • 6 Days on Market
  • MLS # : 6207605
  • Updated Date : 03/20/2021 at 22:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,285 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Fantastic move-in ready property on a quiet cul-de-sac in highly sought-after Gilbert AZ. Homer offers 4 bed 2.5 baths, large open floor plan great curb appeal, grassy landscaping, and gated entryway. Immaculate interior boasts laminate flooring in all the right places, updated fixtures, newer carpet upstairs, with a room downstairs that is perfect for an office or guest room. The Loft is huge, perfect for an entertainment area. Fabulous kitchen showcases stainless steel appliances, ample cabinets, granite countertops, breakfast bar, and walk-in pantry. Spacious master suite has walk-in closet, secondary closet and a full bath with large vanity. Relaxing backyard features cozy covered patio, matures trees and just the right amount of grass. Come and see why you want to call this one home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k337k

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

Neighborhood: Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9261866

* 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

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,563
Property Tax -$307
Property Insurance -$72
HOA -$65
Property Management Fees -$99
CASH FLOW
-$106

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$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 50% 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

4.25

YEARS SAVED

$17,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9953$2,0004$2,0005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4023 E Betsy Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 3766 E Constitution Court Gilbert, AZ 1
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2003
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 1464 S Heron Lane Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2002
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 1551 S Cole Drive Gilbert, AZ 3
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3921 E Megan Street Gilbert, AZ 5
    • 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2020
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kenny Klaus
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207605
Last Updated: 03/20/2021
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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