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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $231.17
- 2 Days on Market
- MLS # : 6163589
- Updated Date : 11/21/2020 at 18:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,620 sqft
- Baths : 2 full
Listing Agent
Arizona Experience Realty, Llc
Listing Agent's Description
This beautifully remodeled home right in the heart of downtown Gilbert won't last long! Enter the home thru the covered front porch with new tile. Stunning new Quartz counters throughout. The kitchen boasts a waterfall edge, floating shelves, new backsplash, plus a new fridge. Beautiful plank wood look tile throughout except the bedrooms. New carpet in the bedrooms. New fixtures, mirrors, shower tile & a barn door highlight the master bathroom. New fixtures & shiplap in the 2nd bath. Fresh neutral paint. Relax on your covered back patio overlooking the mature landscaped backyard & tons of cool decking perfect for adding your personal touch with furnishings & this is a fantastic entertaining backyard! Fantastic location! Close to all the local downtown Gilbert restaurants & shopping galore!
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PRICE & RENT TRENDS
Neighborhood: Farmhouse Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Farmhouse Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,382 |
| Property Tax | -$220 | |
| Property Insurance | -$59 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$303
|
||
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.
$374,500
PROJECTED PRICE
$1,460
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$104,993
LOAN DETAILS
$1,382
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,625 |
| Loan Amount | $280,875 |
1.67
YEARS SAVED
$4,767
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,616
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
126 E Palo Blanco Way Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,460
- $0.90
-
104 E Catclaw Street Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.99
-
150 E Catclaw Street Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2008
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.99
-
92 E Catclaw Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.02
-
107 W Tumbleweed Court Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1996
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.99
PROPERTY LISTING DETAILS
Arizona Experience Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163589
Last Updated: 11/21/2020
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.
