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 1989
- Price/Sqft : $206.41
- 2 Days on Market
- MLS # : 6184002
- Updated Date : 01/23/2021 at 18:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,277 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Stunning, updated, move-in ready, semi-custom home on cul-de-sac lot in The Islands Lake Community in Gilbert. You'll love this single story 4 bed, 2.5 bath home in one of the best communities in Gilbert. Enter to formal living room w wood fireplace and dining room. Adjacent is convenient office/4th bedroom w closet. Step into kitchen and family room w gas fireplace at the back of the house overlooking backyard and pool. Spacious Master Bedroom w Patio doors to patio. Master Bath features luxurious tub and shower. Bathroom vanities recently updated. Pebble tec pool, cool deck & pump updated in 2017/18. New roof in 2018. See list of updates in doc tab. You'll truly love this home and all that it has to offer... plus living in The Islands community w 3 lakes & community park
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Harbor Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harbor Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$276 | |
| Property Insurance | -$72 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$32
|
||
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.
$470,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.4% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
5.58
YEARS SAVED
$29,602
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,146
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1209 W Royal Palms Court Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,120
- $0.93
-
1256 W Atlantic Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 1987
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.84
-
38 S Sundial Drive Gilbert, AZ 2
- 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991
LEASED 08/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
-
1517 W Islandia Drive Gilbert, AZ 4
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1988
LEASED 12/08/20- Rent
- Rent Per SQFT
- $2,250
- $1.02
-
1413 W Coral Reef Drive Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1988
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184002
Last Updated: 01/23/2021
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.
