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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $256.93
- 2 Days on Market
- MLS # : 6170612
- Updated Date : 12/12/2020 at 10:51
CONSTRUCTION
- Beds : 2
- Floor Size : 1,284 sqft
- Baths : 2 full
Listing Agent
Sgi Property Mngmnt/real Estate
Listing Agent's Description
Amazing home in Harbor Cove at the Islands! Completely updated throughout including bathrooms, & kitchen, fresh paint & new carpet. Open floor plan with great room w/vaulted ceilings and dramatic floor to ceiling stone fireplace. Living room overlooks a large sitting backyard w/view fencing & walking area w/no neighbors behind. Beautiful 16in diagonal tile in walkways, kitchen & bathroom. Eat in kitchen has a lot of storage & double door pantry. Large master bedroom w/sliding glass door to backyard. Classy Closet organizers in both bedrooms. AZ reflective window tint, sunscreens. Community includes pool/spa & jogging trails with access to the lake. A must see.
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PRICE & RENT TRENDS
Neighborhood: The Islands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Islands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,217 |
| Property Tax | -$209 | |
| Property Insurance | -$52 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$105
|
||
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.
$329,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.3% |
| 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
$93,174
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
3.83
YEARS SAVED
$13,839
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
-
$1,355
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/23/19- Rent
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- $1,250
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1601 N Saba Street #332 Chandler, AZ 3
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LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,250
- $1.04
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1056 W Sunward Drive Gilbert, AZ 4
- 2 beds 2 baths ∙ 1,262 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,262 Sqft ∙ Built 1986
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.11
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955 E Knox Road #251 Chandler, AZ 5
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![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
PROPERTY LISTING DETAILS
Sgi Property Mngmnt/real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170612
Last Updated: 12/12/2020
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.
