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436 N Honeysuckle Lane Gilbert, AZ 85234

5 Beds 4 Baths 3,739 sqft Built 2002

$1,100,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $294.20
  • 4 Days on Market
  • MLS # : 6169723
  • Updated Date : 12/11/2020 at 16:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,739 sqft
  • Baths : 4 full
Listing Agent

Ensign Properties Corp

Listing Agent's Description

This Property Offers a Unique Tree Lined Drive down to a Secluded Cul-de-sac featuring a Fountain in the center. It is an EXCEPTIONAL Custom Home on 1.6 Acres in Gilbert!! With 5 bedrooms, 4 baths, plus Office, Formal Dining and Formal Living areas, this home has it all. The Stunning Great Room Kitchen offers Alder Cabinets, Granite Countertop an Island and Pantry. The entire home is Travertine Tile and Wood Flooring, all doors are Solid Wood. The Master is spacious with a cozy fireplace, walk-in closet and jetted tub. In the large backyard you'll find a Salt Water Pool, Spa, fireplace and unlimited space to entertain or store your toys. It is an incredible value, you won't want to miss.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio Caballo

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k518k

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

Neighborhood: Rio Caballo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10182407

* 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
Burk Elementary School Primary Regular 471 32 7
Burk Elementary School Middle Regular 471 32 7
Gilbert High School High Regular 2,470 113 7

Burk Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Burk Elementary School

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 32
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$4,059
Property Tax -$647
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$1,420

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.

$1,100,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,059

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$1,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,955

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$3,480
$3,480
RENT COMPS ANALYSIS
  • 436 N Honeysuckle Lane Gilbert, AZ 3
    • 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $0.98
    •  
  • 345 N Date Palm Drive Gilbert, AZ 1
    • 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
  • 230 E Appaloosa Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 3,300 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,300 Sqft ∙ Built 1994
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Allen R Willis
Ensign Properties Corp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169723
Last Updated: 12/11/2020
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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