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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $238.06
- 2 Days on Market
- MLS # : 6170124
- Updated Date : 12/11/2020 at 19:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,508 sqft
- Baths : 2 full , 1 half
Listing Agent
North & Co
Listing Agent's Description
This adorable property sits on one of the largest lots in the neighborhood and has direct access to the walking path to Freestone Park. This home has been tastefully updated and is ready for immediate move in. This perfect floor plan boasts the owner's suite downstairs with direct access to the amazing shaded patio. With tons of storage, open floor plan and spacious 2 car garage, this home is perfect for any buyer.
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PRICE & RENT TRENDS
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,325 |
| Property Tax | -$211 | |
| Property Insurance | -$57 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$10
|
||
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.
$359,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
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
$100,885
LOAN DETAILS
$1,325
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
5.42
YEARS SAVED
$24,214
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
-
$1,700
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
1501 E Mineral Road Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1413 E Linda Lane Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1994
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,600
- $1.03
-
1362 E Cullumber Street Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,675
- $1.16
-
1739 E Olive Avenue Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.10
-
1673 E Laurel Avenue Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1995
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,874
- $1.22
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170124
Last Updated: 12/11/2020
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.
