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856 N Sailors Way Gilbert, AZ 85234

3 Beds 2 Baths 1,410 sqft Built 1991

$389,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $275.89
  • 3 Days on Market
  • MLS # : 6199094
  • Updated Date : 02/26/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This charming and well cared home with pristine pool can all be yours!! Enter home to be greeted by an inviting living room boasting vaulted ceilings and French doors that opens to backyard. Enjoy the comfortable air flow when the French doors are open! Continue into the spotless eat-in kitchen equipped with granite counters, pantry, SS appliances, breakfast bar, white cabinets w/crown molding, and tile back-splash. You'll love the adorable master bedroom which includes its own bath with a dual sink vanity. Let's not forget about the spacious laundry room boasting plenty cabinets for more storage! In backyard, entertain your guests on the green grass or in the blue pool. This home is surely what you have been looking for! Come and get it before it is gone!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671981

* 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
Mesquite Jr High School Middle Regular 715 34 7
Gilbert High School High Regular 2,470 113 7
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

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

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating

Mesquite Jr High School

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

$350,100$427,900$389,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,351
Property Tax -$290
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$115

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.

$389,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,031

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
  • $1,671

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 856 N Sailors Way Gilbert, AZ 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1020 N Sailors Way Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1990
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
  • 1144 N Sailors Way Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1989
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
  • 1149 E Princeton Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1990
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.14
    •  
  • 1237 E San Remo Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1988
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.27
    •  
PROPERTY LISTING DETAILS
Courtney Dastas
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199094
Last Updated: 02/26/2021
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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