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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $191.46
- 3 Days on Market
- MLS # : 6165204
- Updated Date : 11/28/2020 at 10:57
CONSTRUCTION
- Beds : 3
- Floor Size : 2,376 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
This impressive 2-story home is located in a desirable Chandler neighborhood at the start of a cul de sac allowing for a quiet neighborhood and low traffic. Centrally located to both downtown Gilbert and Chandler, and minutes away from the 101 and 202. Large back yard is an entertainer's dream with private pool, mature citrus trees, and covered patio. The side yard which is fenced, has a RV gate, concrete slab, and a storage shed. The kitchen appliances are upgraded and there are granite countertops, a functional island for prepping, and slide out drawers for each access to kitchen items. The current owners installed a ''green'' whole house water filtration system. Floor plan of home is versatile including an upstairs loft which can be used as an office, tech center or entertainment area.
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PRICE & RENT TRENDS
Neighborhood: The Provinces
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Provinces
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,678 |
| Property Tax | -$265 | |
| Property Insurance | -$74 | |
| HOA | -$2 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$78
|
||
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.
$454,900
PROJECTED PRICE
$2,040
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$126,299
LOAN DETAILS
$1,678
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $113,725 |
| Loan Amount | $341,175 |
4.58
YEARS SAVED
$24,862
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,305
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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1112 E Kent Place Chandler, AZ 1
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- Rent
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- $0
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1420 W Sherri Drive Gilbert, AZ 2
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LEASED 08/01/20- Rent
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- $2,100
- $0.92
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912 E Baylor Lane Chandler, AZ 3
- 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1995
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,175
- $0.96
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1456 W Iris Drive Gilbert, AZ 4
- 3 beds 2 baths ∙ 2,393 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,393 Sqft ∙ Built 1991
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,300
- $0.96
-
1933 E Baylor Court Chandler, AZ 5
- 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1992
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.04
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165204
Last Updated: 11/28/2020
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.
