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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $200.58
- 3 Days on Market
- MLS # : 6196759
- Updated Date : 02/19/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,418 sqft
- Baths : 3 full
Listing Agent
Congress Realty, Inc.
Listing Agent's Description
Newly renovated pool home in Gilbert! This 4 bd / 3 ba features high vaulted ceilings, an open layout, entertainer's backyard, and updates throughout, including fresh paint, new carpet, and upgraded fixtures! The exterior has great curb appeal with its desert landscape and covered porch, while the interior is warm and inviting with its tile and carpet flooring and natural light. Just off the foyer behind French doors is a flex room - perfect for an office or den! Up ahead, cook in the kitchen, equipped with granite countertops, refinished cabinets, Whirlpool appliances, and a center island with seating, then gather for a meal in the adjacent dining area. The living room offers a great space to gather and provides pool views and backyard access through sliding glass doors!
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PRICE & RENT TRENDS
Neighborhood: Vista Dorada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Dorada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$340 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$2
|
||
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.
$485,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
5.33
YEARS SAVED
$27,276
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,327
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1343 E Walnut Road Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $2,200
- $0.91
-
1151 E Furness Drive Gilbert, AZ 1
- 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 2012
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,195
- $0.94
-
5134 S Sandstone Street Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,285 Sqft ∙ Built 2004
![property image]()
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,250
- $0.98
-
1263 E Walnut Road Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,325
- $0.96
-
1011 E Wimpole Avenue Gilbert, AZ 5
- 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,566 Sqft ∙ Built 2012
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.97
PROPERTY LISTING DETAILS
Congress Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196759
Last Updated: 02/19/2021
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.
