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4487 S Joshua Tree Lane Gilbert, AZ 85297

4 Beds 2 Baths 2,110 sqft Built 2002

$533,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $252.61
  • 2 Days on Market
  • MLS # : 6263283
  • Updated Date : 07/12/2021 at 23:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Gilbert one-story home offers a patio, granite countertops, and a two-car garage. This home has been virtually staged to illustrate its potential.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k362k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
 

$479,700$586,300$533,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,851
Property Tax -$356
Property Insurance -$68
HOA -$225
Property Management Fees -$99
CASH FLOW
-$620

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.

$533,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,995

INVESTMENT

$146,995

Down Payment
$133,250
Rehab Estimate
$5,750
Closing Costs
$7,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,250
Loan Amount $399,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$282

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
  • $2,189

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0954$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 4487 S Joshua Tree Lane Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4023 E Reins Road Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2003
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 4329 S Rim Court Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 2001
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.05
    •  
  • 4321 S Splendor Court Gilbert, AZ 4
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2001
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 3962 E Timberline Road Gilbert, AZ 5
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2001
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jacqueline Moore
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263283
Last Updated: 07/12/2021
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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