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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $183.57
- 5 Days on Market
- MLS # : 6161696
- Updated Date : 11/18/2020 at 15:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,015 sqft
- Baths : 3 full , 1 half
Listing Agent
Delex Realty
Listing Agent's Description
Welcome to Better Homes and Gardens in Gilbert! Absolutely phenomenal, meticulously maintained, highly upgraded 3 bedroom home in CooleyStation. Fully integrated keyless entry w/ video doorbell connected to a Front Point Smart Home Security System, NEST thermostats, customceiling fans, custom fixtures throughout the home! Fully finished garage w/cabinets and epoxy flooring, custom master closets, the list goeson!! TOO MANY upgrades to list here, see attached documents for ALL of it!!
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PRICE & RENT TRENDS
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$253 | |
| Property Insurance | -$66 | |
| HOA | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$128
|
||
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.
$369,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
3.42
YEARS SAVED
$12,925
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,025
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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1081 S Annie Lane Gilbert, AZ 1
- 3 beds 4 baths ∙ 2,015 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,015 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
1085 S Annie Lane Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
-
3775 E Hans Drive Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
-
3701 E Hans Drive Gilbert, AZ 4
- 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2014
LEASED 09/08/20- Rent
- Rent Per SQFT
- $2,000
- $0.96
-
1055 S Annie Lane Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2014
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161696
Last Updated: 11/18/2020
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.
