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4059 E Tulsa Street Gilbert, AZ 85295

3 Beds 3 Baths 1,682 sqft Built 2011

$325,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $193.22
  • 3 Days on Market
  • MLS # : 6209581
  • Updated Date : 03/21/2021 at 02:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ashby Realty Group, Llc

Listing Agent's Description

This 3-Bedroom, 2.5 Bath home is exceptionally LOW MAINTENANCE. As you enter into the foyer, to your left is the living room with entertainment niche; on your right is the well appointed kitchen with LARGE ISLAND and breakfast bar. Pantry and 1/2 bath around the corner. Just outside the eating area is a wonderful COURTYARD WITH SYNTHETIC GRASS, some paved space as well. 2-car garage entry into kitchen. Upstairs, LOADS OF STORAGE, two bedrooms share Jack n Jill bath. Master suite is private with large master bath, DOUBLE SINKS, soaking tub, SEPARATE SHOWER, his & hers closets. COMMUNITY POOL, Ramada's and PARKS, walking paths provide a fantastic lifestyle. Just minutes to San Tan Mall, schools, churches, and freeway access. HOA HANDLES FRONT LANDSCAPING. Life is good here!

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PRICE & RENT TRENDS

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Willows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8521981

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,129
Property Tax -$222
Property Insurance -$60
HOA -$106
Property Management Fees -$99
CASH FLOW
$164

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.

$325,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$31,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,7804$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 4059 E Tulsa Street Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.06
    •  
  • 4072 E Oakland Street Gilbert, AZ 1
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.04
    •  
  • 4117 E Tulsa Street Gilbert, AZ 2
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 2099 S Olympic Drive Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 4106 E Oakland Street Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
Cadie Agne
Ashby Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209581
Last Updated: 03/21/2021
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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