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565 N Bluejay Drive Gilbert, AZ 85234

4 Beds 2 Baths 2,031 sqft Built 1998

$462,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $227.47
  • 4 Days on Market
  • MLS # : 6154894
  • Updated Date : 11/04/2020 at 18:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,031 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Amazing corner lot home located in the highly sought after Highland Ranch subdivision. Over 1/3 acre size lot with large pool and grass area. Newer wood like tile and carpet throughout the home. Recently updated cabinets in the kitchen along with granite countertops and stainless appliances. New fans and lighting throughout. The home has been freshly painted inside and out. New popup heads installed in the pool in 2020. New AC unit being installed on 11/12/2020 with Warranty!! Close to shopping, freeways and schools. This house has it all!!

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
 

$415,800$508,200$462,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,705
Property Tax -$274
Property Insurance -$67
HOA -$60
Property Management Fees -$99
CASH FLOW
-$314

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.

$462,000

PROJECTED PRICE

$1,890

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,180

INVESTMENT

$128,180

Down Payment
$115,500
Rehab Estimate
$5,750
Closing Costs
$6,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,705

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,500
Loan Amount $346,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,8243$1,8904$1,8955$2,020
$2,020
RENT COMPS ANALYSIS
  • 565 N Bluejay Drive Gilbert, AZ 3
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.93
    •  
  • 4734 E Olney Avenue Gilbert, AZ 1
    • 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 554 N Citrus Lane Gilbert, AZ 2
    • 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2006
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,824
    • $0.95
    •  
  • 4742 E Olive Avenue Gilbert, AZ 4
    • 3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2018
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 691 N Sparrow Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,058 Sqft ∙ Built 2018
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kehaulani Chappell
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154894
Last Updated: 11/04/2020
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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