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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $278.85
- 1 Days on Market
- MLS # : 6195542
- Updated Date : 02/21/2021 at 02:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,600 sqft
- Baths : 3 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
** Professional Photos Coming Soon!** A spec home turned into a gorgeous dream home in the HEART of Gilbert! Beautiful 15' entryway w/ real white washed brick & 100 year old barn wood on the ceiling! The perfect home for entertaining w/ an absolutely stunning chef style kitchen & a plethora of double stacked cabinets, a massive quartz island & 20' ft sliding glass door that opens up to the beautiful, low maintenance backyard & gas fireplace. The den & 4th bedroom boast highly upgraded decorative ceramic tile. Gorgeous accent walls throughout the home...100 year old barn wood, shiplap, stone and mantel & much more! A HUGE master bathroom w/ a freestanding tub & oversized shower w/ two shower heads. Jaw dropping bath w/ subway tile, custom shower door & plumbing fixture! $80k+ in upgrades!
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PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$426 | |
| Property Insurance | -$78 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$807
|
||
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.
$725,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.42
YEARS SAVED
$888
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,561
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
1432 E Cullumber Street Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,430
- $0.93
-
1455 E Lexington Avenue Gilbert, AZ 2
- 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2017
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,449
- $1.01
-
1678 E Linda Lane Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 2000
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,495
- $0.86
-
1425 E Lexington Avenue Gilbert, AZ 4
- 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2017
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,600
- $1.08
-
1714 E Cotton Court Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2000
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,650
- $0.99
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195542
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.
