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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $218.56
- 4 Days on Market
- MLS # : 6191953
- Updated Date : 02/12/2021 at 16:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,670 sqft
- Baths : 2 full
Listing Agent
Prosmart Realty
Listing Agent's Description
Buy your Valentine a present! Imagine living less than 1 mile from vibrant, trendy, downtown Gilbert where all bordering neighbors are single levels! Tastefully remodeled single level. Stainless appliances, 18'' ceramic in all traffic areas. Master with huge closet & ensuite bath w/double sink, separate tub & shower and linen closet. All faucets, door hardware, towel bars, 4 light fixtures, 4 ceiling fans, 5 laminate floors, interior/exterior paint with accent walls, drip lines and sprinkler heads were replaced in the fall of 2020. Owner is licensed AZ Realtor..
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PRICE & RENT TRENDS
Neighborhood: Lago Estancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lago Estancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$215 | |
| Property Insurance | -$60 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$12
|
||
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.
$365,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.2% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.08
YEARS SAVED
$19,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,691
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
113 W Smoke Tree Road Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,700
- $1.02
-
104 E Catclaw Street Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.99
-
92 E Catclaw Street Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.02
-
75 E Catclaw Street Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,595
- $1.02
-
125 E Catclaw Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191953
Last Updated: 02/12/2021
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.
