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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $269.74
- 3 Days on Market
- MLS # : 6179407
- Updated Date : 01/15/2021 at 07:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,279 sqft
- Baths : 2 full
Listing Agent
Geneva Real Estate And Investments
Listing Agent's Description
THIS VERY WELL CARED FOR AND UPGRADED HOME IS LOCATED IN THE HIGHLY SOUGHT OUT COMMUNITY OF MILLET RANCH! A SPLIT FLOOR PLAN WITH GRANITE COUNTER TOPS, UPGRADED BATHROOMS, NO HOUSES BEHIND, AND ALL ON SINGLE LEVEL MAKES FOR A WONDERFUL HOME. ALMOST BRAND NEW A/C UNIT LESS THAN TWO YEARS OLD, WITH A CUL-DE-DAC LOCATION, SEVERAL PARKS AND PLAY AREAS, CLOSE TO SHOPPING AND DINNING, THIS ONE WILL NOT LAST!
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PRICE & RENT TRENDS
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$203 | |
| Property Insurance | -$52 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$161
|
||
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.
$345,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
3.08
YEARS SAVED
$8,433
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,404
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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1236 S Pueblo Court Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997
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- Rent
- Rent Per SQFT
- $0
- $0.00
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103 W Jasper Drive Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998
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LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.12
-
1529 S Sahuaro Drive Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
-
1562 S Monterey Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
-
1425 S Monterey Street Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
PROPERTY LISTING DETAILS
Geneva Real Estate And Investments
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179407
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
