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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $155.55
- 2 Days on Market
- MLS # : 6196942
- Updated Date : 02/20/2021 at 02:51
CONSTRUCTION
- Beds : 3
- Floor Size : 3,208 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
This property could be the space you are looking for if you want to build that sweat equity in the heart of Gilbert. Plenty of room for toys, animals, and room to grow.
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PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$348 | |
| Property Insurance | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$601
|
||
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.
$499,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.58%
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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
11.5
YEARS SAVED
$89,179
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
-
$2,919
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
11817 S Lindsay Road Gilbert, AZ 1
- 3 beds 3 baths ∙ 3,208 Sqft ∙ Built 1980 3 beds 3 baths ∙ 3,208 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1678 E Linda Lane Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,495
- $0.86
-
454 E Baylor Lane Gilbert, AZ 3
- 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1997
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,850
- $0.86
-
981 E Constitution Drive Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,963 Sqft ∙ Built 1997
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,000
- $1.01
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196942
Last Updated: 02/20/2021
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.
