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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $219.75
- 1 Days on Market
- MLS # : 6197243
- Updated Date : 02/21/2021 at 02:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,934 sqft
- Baths : 2 full
Listing Agent
Da Fa Realty & Investments
Listing Agent's Description
This is the One! Single story, former Model home. This 3 bedroom, 2 bath plus den/bonus room home, offers a large great room w fireplace to the dinning area. New lighting and ceiling fan in great room. The kitchen with stainless steel appliances, new quartz counters and plumbing fixture, can lights. The French door off the nook leads to the courtyard with custom/wood fireplace, great for relaxing. Spacious Den/office room has a door exit to the covered patio/backyard. Nice size master bedroom with walk-in closet, raised vanity with double sinks, along with separate tub & walk-shower. 2 car garage is extended length. Home closes to shopping, dining, entertainment, and freeway ! It's Virtual Staging. The Color of the photos may have slightly variation due to lighting.
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PRICE & RENT TRENDS
Neighborhood: The Spectrum at Val Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Spectrum at Val Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$260 | |
| Property Insurance | -$65 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$94
|
||
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.
$425,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.8% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.17
YEARS SAVED
$16,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,837
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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2485 S Marble Street Gilbert, AZ 1
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- $1,775
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1177 E Buffalo Street Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2008
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,800
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LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.01
PROPERTY LISTING DETAILS
Da Fa Realty & Investments
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197243
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.
