Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

485 N Bluejay Drive Gilbert, AZ 85234

3 Beds 2 Baths 1,430 sqft Built 1999

$360,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $251.75
  • 2 Days on Market
  • MLS # : 6163408
  • Updated Date : 11/20/2020 at 21:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full
Listing Agent

Presidential Realty, Llc

Listing Agent's Description

Hurry and put in an offer before this house is gone! Beautiful wood floors, fresh two tone paint, and lush new carpet throughout. Granite countertops with a contemporary island pull the room together to serve / entertain plenty. 3 car garage ready for whatever storage space you need. You have to see this house in person, hurry and schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k345k

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

Neighborhood: Highland Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181891

* 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
Towne Meadows Elementary School Primary Regular 634 33 9
Towne Meadows Elementary School Middle Regular 634 33 9
Highland High School High Regular 3,065 123 8

Towne Meadows Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Towne Meadows Elementary School

  • Education Level: Middle
  • # of students: 634
  • # of teachers: 33
9
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,328
Property Tax -$214
Property Insurance -$55
HOA -$60
Property Management Fees -$99
CASH FLOW
-$266

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.

$360,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.41%

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$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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5864$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 485 N Bluejay Drive Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.04
    •  
  • 4756 E Laurel Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 4696 E Olney Avenue Gilbert, AZ 3
    • 4 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,483 Sqft ∙ Built 2005
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,586
    • $1.07
    •  
  • 4570 E Olive Court Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 4721 E Laurel Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.18
    •  
PROPERTY LISTING DETAILS
Daniel Tate
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163408
Last Updated: 11/20/2020
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.

BESbswy