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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $160.97
- 2 Days on Market
- MLS # : 6163327
- Updated Date : 11/21/2020 at 12:32
CONSTRUCTION
- Beds : 4
- Floor Size : 3,541 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Incredible opportunity to own this meticulously maintained 4bed/3.5bath Gilbert home nestled in beautiful Val Vista Meadows and minutes from Downtown Gilbert. Great curb appeal with 3 car garage leads you into the light and bright interior featuring soaring vaulted ceilings, charming stone fireplace in living rm. Gorgeous kitchen boasts granite countertops, stainless steel appliances, gas stove,custom cabinetry and a breakfast bar. Upstairs you will find a loft & an amazing media room. Beautiful updated master downstairs with wood tile flooring, dual sinks, subway tiled soaking tub and separate glass framed shower. Step out to your own private oasis. Complete with sparkling pool/spa, built in BBQ and grassy area. Perfect for entertaining. Do not miss out! See it today and make it yours
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PRICE & RENT TRENDS
Neighborhood: Val Vista Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Val Vista Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,850 |
| EXPENSES | Loan Payment | -$2,103 |
| Property Tax | -$335 | |
| Property Insurance | -$96 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$147
|
||
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.
$570,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.3% |
| 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
$156,800
LOAN DETAILS
$2,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,500 |
| Loan Amount | $427,500 |
6.67
YEARS SAVED
$54,064
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
-
$3,222
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1635 E Cullumber Street Gilbert, AZ 1
- 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
345 N Date Palm Drive Gilbert, AZ 2
- 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.79
-
2526 E Park Avenue Gilbert, AZ 3
- 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2001
LEASED 08/01/19- Rent
- Rent Per SQFT
- $3,650
- $1.03
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163327
Last Updated: 11/21/2020
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.
