Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $202.99
- 2 Days on Market
- MLS # : 6160426
- Updated Date : 11/14/2020 at 17:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,872 sqft
- Baths : 2 full , 1 half
Listing Agent
Gentry Real Estate
Listing Agent's Description
Welcome home to Lago Estancia! This gorgeous home is just a short drive to Downtown Gilbert (Heritage District), undoubtedly fun and vibrant with plenty of dining, shopping, arts and culture. Upon entering you are greeted by soaring ceilings, a sweeping staircase, and the spacious great room with a fireplace. The beautiful kitchen offers Quartz countertops, white cabinets, upgraded fixtures, pantry, and separate dining room with bay window. The downstairs master suite offers private exit, dual sinks and a stunning tile shower. Upstairs, the 3 additional bedrooms are generously sized and offer flexibility for how you want to live. Backyard with covered and extended patio allows you to relax or play, and enjoy the Arizona lifestyle year round. You don't want to miss out on this awesome home!
SEE MORE
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 | $1,630 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$223 | |
| Property Insurance | -$64 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$226
|
||
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.
$380,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.43%
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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
2.5
YEARS SAVED
$8,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,732
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
118 W Smoke Tree Road Gilbert, AZ 1
- 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,630
- $0.87
-
501 W Mesquite Street Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1998
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
344 S Bronco Lane Gilbert, AZ 3
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1988
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
255 E Rawhide Avenue Gilbert, AZ 4
- 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 1997
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
39 N Pueblo Street Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1994
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160426
Last Updated: 11/14/2020
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.
