Phoenix, AZ Real Estate Professional

Gilbert Arizona Homes For Sale PRICED $80,000 BELOW MARKET VALUE

This beautiful  Gilbert Arizona Home For Sale features 7 bedroom 5 bath, 4001 square foot home with (get ready for this) 7 car garage, that's right 7 CAR GARAGE! Othe features include a 61,000 square foot lot, pool and tons of upgrades,  Best of all, this spectacular  Gilbert Arizona Home For Sale is priced $80,000 BELOW MARKET VALUE!

For additional information on this Gilbert Arizona Home For Sale or to schedule a private showing, call my office at (602) 291-4362

Gilbert Arizona Homes For Sale at a Glance

Located in the southeast valley of the Phoenix metropolitan area, Gilbert is a dynamic community that is actively growing and diversifying its economic base, citing global-minded innovation and entrepreneurship as keys to productivity. Endowed with supportive infrastructure, ample land and recognition as the center of a new mega-region called the “Sun Corridor”, Gilbert is committed to realizing sustainable, world-class business environments that are unique to the community.  The community’s dense volume of educated residents boasts one of the highest concentrations of graduate and professional degrees among competing Western U.S. cities with 34.56% of residents holding a bachelor degree of higher, outpacing the national median by 39%. In addition, the median income of Gilbert’s residents is one of the highest within the state of Arizona at $84,967.
Gilbert’s current population of 215,000 has doubled every five years since 1980. With attractive demographics, award-winning amenities, prime business incentives and high-profile developments, Gilbert offers immediate, attainable economic opportunity for industry-leading companies.

Gilbert Arizona Homes For Sale Profile:

Map of Metropolitan Phoenix

Year Founded........1891
Year Incorporated........1920

Planning Area........76 square miles

Elevation........1,273 feet

Annual average rainfall........7.66 inches
Annual sunshine days........310 days

Average Temperature (High/Low):
January....67/45     July....112/85
April....90/62        October....88/60

Average Rent:
One Bedroom  $608
Two Bedroom  $828

2007 Single Family Median Home Price

New Home:  $276,085

Resale Home:  $270,000

To search all Gilbert Arizona Homes For Sale, visit my 24/7 Home Search web site

I Thought The Arizona Real Estate Market Sucks!   A TRUE STORY........................

If you watch CNBC, Fox Business or read most major metropolitan newspapers all you hear about is how horrible the Arizona Real Estate Market is doing. Plus, with the recent run up in the stock market everyone is jumping on the Wall Street bandwagon.

I am going to give you a real life example of one of the Real Estate Investors I am working with.

But is Arizona Real Estate still a good investment? Well, the market statistics show Arizona is having a really strong resurgence in the real estate market.

You can read these statistics at my past blog;

http://www.azhomebuyercoach.com/2009/09/az-foreclosure-real-estate-market-update/

Now, back to the investor. They have recently bought their third investment property this year. They have paid cash for each of them. Is this a good use of their cash?

Let's see......Purchase price was $84,900 (paid in cash). They put a new roof on at $2500 and paid another $1,500 in closing costs and inspections. Also, the interior of the home had been completely remodeled before the sale!

So, their TOTAL cash investment is;     $88,900

They rented the house within a week at a rate of $1125 or $13,500 annual income.

That is a 15.18% Cash on Cash Return!

In addition, I have taught them how to have the tenant pay for all repairs under $250. So, they will have almost NO EXPENSE against the income!

Notice this Cash on Cash return does NOT factor in any tax breaks or future appreciation!

But, what happens if the value still goes down by 20%?  What happens if the market correction is still not over?

ABSOLUTELY NOTHING!  They are still getting their $1125 in rent and they have no plan on selling the house in the next 20 years.

That is a 15.18% Cash on Cash Return!

Would you like the same returns? Would you like to buy homes 10% to 20% below market value? Call our office at (602) 291-4362

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