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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $217.24
- 4 Days on Market
- MLS # : 6193098
- Updated Date : 02/12/2021 at 00:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,450 sqft
- Baths : 2 full , 1 half
Listing Agent
O48 Realty
Listing Agent's Description
Stop searching! Move-in ready two-story home with 2 car garage in highly desirable Gardens Community is now for sale! Step inside to be greeted by a bright and light interior that features neutral paint throughout, cozy living & dining areas, roomy bedrooms, and big windows that bring in natural light. The efficient kitchen boasts ample-white cabinetry, dual sink, and SS appliances needed to prepare your daily meal. Upstairs, you will find a loft perfect for the study/game area. The charming master bedroom includes a walk-in closet and a full bathroom with track lighting and a shower & tub combo. The perfectly sized side yard with a paved patio is great for customization. Great location close to schools, shopping, entertainment, and so much more! Book a showing before it's gone! Call now!
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PRICE & RENT TRENDS
Neighborhood: Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gardens
* 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 | -$1,094 |
| Property Tax | -$215 | |
| Property Insurance | -$55 | |
| HOA | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$81
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
4
YEARS SAVED
$11,598
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,483
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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1543 S Longspur Lane Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,490
- $1.03
-
1531 S Avocet Street Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 2003
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,395
- $1.01
-
4180 E Megan Court Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001
LEASED 06/21/20- Rent
- Rent Per SQFT
- $1,450
- $1.00
-
4081 E Windsor Drive Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2006
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,500
- $1.03
-
4099 E Jasper Drive Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2005
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
PROPERTY LISTING DETAILS
O48 Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193098
Last Updated: 02/12/2021
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.
