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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $194.81
- 5 Days on Market
- MLS # : 6180134
- Updated Date : 01/14/2021 at 17:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,925 sqft
- Baths : 2 full
Listing Agent
Jk Realty
Listing Agent's Description
This lovely home is located on a North South lot, backing to the 12th Tee of Western Skies Golf Course. The landscape gives you views of the golf course but also provides some privacy. The home features multiple living spaces and eating areas. The Kitchen is open and and has a great island. Original owner has just had most of the inside and ALL of the outside painted. Newer AC. This house is barely used. Owner spent many of the years traveling or out of country.
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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 | $1,770 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$221 | |
| Property Insurance | -$65 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$73
|
||
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.
$375,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.47%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.33
YEARS SAVED
$27,721
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
-
$1,853
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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1575 E Black Diamond Drive Gilbert, AZ 1
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- $0
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1054 E Jasper Drive Gilbert, AZ 2
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LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,775
- $0.95
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1142 E San Tan Drive Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1999
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
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1038 S Roca Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2000
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,850
- $0.98
-
1506 E Sunrise Way Gilbert, AZ 5
- 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1996
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,000
- $1.04
PROPERTY LISTING DETAILS
Jk Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180134
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
