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4636 S Boulder Court Gilbert, AZ 85297

3 Beds 2 Baths 1,697 sqft Built 2005

$395,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $232.76
  • 3 Days on Market
  • MLS # : 6193048
  • Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,697 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This house is an entertainer's Paradise! 3 bedrooms plus a den on an oversized cup-de-sac lot. The kitchen opens up to the great room and den where the sliding glass door takes you out to the beautiful backyard. With a built in BBQ, seating, fire pit, planters, and fruit trees, you may never have to leave the house. Tile in all the wet areas and walkways with custom stained concrete floors in the bedrooms. Granite countertops in the kitchen with a cozy breakfast niche and bar. Community parks weave through the subdivision and this great Gilbert location is close to schools, restaurants, and shopping. This house is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista del Oro North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Vista del Oro North

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
Payne Junior High School Middle Regular 1,518 70 9
Perry High School High Regular 3,194 142 7
Perry High School High Unknown NA

Payne Junior High School

  • Education Level: Middle
  • # of students: 1,518
  • # of teachers: 70
9
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students: 3,194
  • # of teachers: 142
7
GreatSchools Rating

Perry High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,372
Property Tax -$277
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$220

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.

$395,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6803$1,8904$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 4636 S Boulder Court Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.95
    •  
  • 1277 E Birdland Drive Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 1389 E Arrowhead Trail Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.00
    •  
  • 1434 E Clark Drive Gilbert, AZ 4
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2005
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 1442 E Peartree Lane Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2004
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jennifer Dawn Nielson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193048
Last Updated: 02/12/2021
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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