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599 N Acacia Drive Gilbert, AZ 85233

4 Beds 3 Baths 2,913 sqft Built 2004

$669,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $229.66
  • 6 Days on Market
  • MLS # : 6173464
  • Updated Date : 01/06/2021 at 23:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,913 sqft
  • Baths : 3 full
Listing Agent

Superlative Realty

Listing Agent's Description

Elegant home located in the prestigious gated lake community of Playa Del Ray Estates on the water! The community features beautiful fountain common areas, putting greens and so much more The home features a grand entrance and vaulted ceilings 12 to 14 feet high. An oversized kitchen and open space floor plan that's perfect for entertaining. This gated community boasts 2 lakes, 1 for watercraft recreational use and the other for tranquil enjoyment. Private pebble tec pool on the water as well. Shutters throughout. This is a one of a kind, do not miss out, see it today before it's gone

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Playa del Rey

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $109k619k

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

Neighborhood: Playa del Rey

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10182932

* 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
Playa Del Rey Elementary School Primary Regular 500 37 7
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Playa Del Rey Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 37
7
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,324
Property Tax -$393
Property Insurance -$84
HOA -$224
Property Management Fees -$99
CASH FLOW
-$454

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.

$669,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) -0.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,793

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
  • $2,673

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3253$2,7954$2,7955$2,850
$2,850
RENT COMPS ANALYSIS
  • 599 N Acacia Drive Gilbert, AZ 1
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1490 W Laurel Avenue Gilbert, AZ 2
    • 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,013 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.77
    •  
  • 1418 W Emerald Key Court Gilbert, AZ 3
    • 3 beds 3 baths ∙ 2,798 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,798 Sqft ∙ Built 1986
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.00
    •  
  • 1115 W Mesquite Street Gilbert, AZ 4
    • 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,255 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.86
    •  
  • 1718 W Campbell Avenue Gilbert, AZ 5
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Al Valdini
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173464
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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