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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $206.10
- 3 Days on Market
- MLS # : 6170371
- Updated Date : 12/12/2020 at 10:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,868 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Lindsey Ranch * 3 Bedrooms * Home Office * 2 Bathrooms * 2.5 Garage * Almost every window has been upgraded * Shade screens on windows * Private lot with no two story homes around this home * Freshly painted interior (Dec 2020) * Exterior painted (Oct 2019) * Upgraded baseboard * Wood laminate flooring everywhere except the bedrooms * Kitchen has large bar island * Vaulted ceilings in the greatroom and master bedroom * Master bathroom has tiled shower and counter tops * Large walk in closet in master bedroom * Refrigerator, washer and dryer stay with home * Cabinets in the garage * Easy yard maintenance yard with synthetic turf * Concrete walk ways in backyard * Spray foam insulation in attic * Close to dining and entertainment in Downtown Gilbert and shopping at San Tan Village
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PRICE & RENT TRENDS
Neighborhood: Lindsay Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lindsay Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$226 | |
| Property Insurance | -$64 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$46
|
||
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.
$385,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
6.17
YEARS SAVED
$31,500
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
-
$1,761
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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1143 E Jasper Drive Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1054 E Jasper Drive Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,775
- $0.95
-
1142 E San Tan Drive Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1999
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
-
1038 S Roca Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2000
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,850
- $0.98
-
1151 S Hazel Street Gilbert, AZ 5
- 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 2001
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170371
Last Updated: 12/12/2020
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.
