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676 E Julian Drive Gilbert, AZ 85295

4 Beds 4 Baths 3,146 sqft Built 2004

INVESTimate

$495,000

List Price

$2,270

$2,043 - $2,497

Rent Est.

$514,404  ( +3.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $157.34
  • 7 Days on Market
  • MLS # : 6120139
  • Updated Date : 08/21/2020 at 12:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,146 sqft
  • Baths : 3 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

This beautiful spacious home in the Vintage Ranch neighborhood won't last long. Great floor plan with 4 bedrooms / 3.5 baths, large family room and living room, plus home office and so much more to offer. Starting with the kitchen you'll see granite counter tops, cherry wood cabinets, large kitchen island, stainless appliances including a brand-new range/oven, R.O. drinking system and softener system for clean water. The backyard is fully equipped for friends and family with a built in BBQ. Fresh interior paint, new carpet and new window blinds throughout the entire home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vintage Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k574k

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

Neighborhood: Vintage Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10362635

* 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
Quartz Hill Elementary School Primary Regular 711 38 9
Quartz Hill Elementary School Middle Regular 711 38 9
Campo Verde High School High Regular 2,094 86 8

Quartz Hill Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 38
9
GreatSchools Rating

Quartz Hill Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 38
9
GreatSchools Rating

Campo Verde High School

  • Education Level: High
  • # of students: 2,094
  • # of teachers: 86
8
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,826
Property Tax -$301
Property Insurance -$88
HOA -$89
Property Management Fees -$99
CASH FLOW
-$134

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.

$495,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.92%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$21,607

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
  • $2,501

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9753$2,4004$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 676 E Julian Drive Gilbert, 1
    • 4 beds 4 baths ∙ 3,146 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,146 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1281 E Hampton Lane Gilbert, 2
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.70
    •  
  • 953 E Boston Street Gilbert, 3
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 1547 E Erie Street Gilbert, 4
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 2076 S Porter Street Gilbert, 5
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tim Lei
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120139
Last Updated: 08/21/2020
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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