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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $227.03
- 2 Days on Market
- MLS # : 6197125
- Updated Date : 02/21/2021 at 06:11
CONSTRUCTION
- Beds : 2
- Floor Size : 947 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Beautifully updated ground level condo in a quiet complex, near the vibrant downtown Gilbert area. Spacious 2bed/2-bath floorplan. Spa-like bathroom with beautiful upgrades in vanity, tub and lighting. Painted concrete floor. Patio is spacious w/ pretty view of the court. The unit is within a very short walk to the swimming pool & gym, children's play structure, to parking spots. Close to Shopping, restaurants, Hwy 60.
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PRICE & RENT TRENDS
Neighborhood: Ikon Hayfield Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ikon Hayfield Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$126 | |
| Property Insurance | -$46 | |
| HOA | -$296 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
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.
$215,000
PROJECTED PRICE
$1,100
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| 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
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
0.42
YEARS SAVED
$270
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
-
$1,091
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
1295 N Ash Street #711 Gilbert, AZ 1
- 2 beds 2 baths ∙ 947 Sqft ∙ Built 1996 2 beds 2 baths ∙ 947 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
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2504 E Impala Avenue Mesa, AZ 2
- 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1979
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,200
- $1.11
-
943 W Wendy Way Gilbert, AZ 3
- 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 2003
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,350
- $1.14
-
900 W Aspen Way Gilbert, AZ 4
- 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,187 Sqft ∙ Built 2004
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,395
- $1.18
-
240 W Juniper Avenue #1259 Gilbert, AZ 5
- 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 2008
LEASED 12/24/19- Rent
- Rent Per SQFT
- $1,400
- $1.18
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197125
Last Updated: 02/21/2021
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.
