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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $202.37
- 2 Days on Market
- MLS # : 6196961
- Updated Date : 02/20/2021 at 17:17
CONSTRUCTION
- Beds : 7
- Floor Size : 5,905 sqft
- Baths : 5 full , 1 half
Listing Agent
Az Flat Fee
Listing Agent's Description
Extraordinary Lake Views awaits you within this upscale home in West Lake Estates gated community within Val Vista Lakes. Home sits on an oversized lot & offers lush landscaping leading into a courtyard w/fountain and stunning grand entrance. Awaiting you will be a breathtaking interior starting with the entryway, formal living room w/ natural light & fireplace & formal dining room. Next you will find an open concept chef styled kitchen (features SS appliances, built in refrigerator, granite counters, gas stove top, island w/breakfast bar & travertine backsplash), connected to the family room & 2nd fireplace, large walk in panty and informal dining area.Master bedroom retreat offers a relaxing seating area and the 3rd fireplace. Adjoining is a luxurious ensuite with dual sinks,
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PRICE & RENT TRENDS
Neighborhood: West Lake Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Lake Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $6,970 |
| EXPENSES | Loan Payment | -$4,151 |
| Property Tax | -$833 | |
| Property Insurance | -$142 | |
| HOA | -$214 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$1,531
|
||
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.
$1,195,000
PROJECTED PRICE
$6,970
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$322,425
LOAN DETAILS
$4,151
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $298,750 |
| Loan Amount | $896,250 |
11.67
YEARS SAVED
$221,665
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$9,802
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
-
1524 E Treasure Cove Drive Gilbert, AZ 1
- 7 beds 6 baths ∙ 5,905 Sqft ∙ Built 2001 7 beds 6 baths ∙ 5,905 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1506 E Treasure Cove Drive Gilbert, AZ 2
- 6 beds 7 baths ∙ 5,706 Sqft ∙ Built 1989 6 beds 7 baths ∙ 5,706 Sqft ∙ Built 1989
LEASED 02/19/21- Rent
- Rent Per SQFT
- $9,500
- $1.66
PROPERTY LISTING DETAILS
Az Flat Fee
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196961
Last Updated: 02/20/2021
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.
