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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $286.76
- 5 Days on Market
- MLS # : 6191765
- Updated Date : 02/12/2021 at 19:33
CONSTRUCTION
- Beds : 2
- Floor Size : 816 sqft
- Baths : 2 full
Listing Agent
Bliss Realty & Investments
Listing Agent's Description
This 2 bedroom, 2 bath, end unit townhome shows like a model. Your new home comes furnished and ready to move in. This well maintained home boasts a fireplace, granite counters, tile floors, and is walking distance to the beautiful resort like pool. In the front is a beautiful shaded courtyard, in back is a private patio, with 2 designated parking spots right behind. Walking distance to downtown Gilbert and close to restaurants, shopping, freeway, bus stop, parks, grade A schools.
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PRICE & RENT TRENDS
Neighborhood: Breckenridge Townhomes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Breckenridge Townhomes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,160 |
| EXPENSES | Loan Payment | -$813 |
| Property Tax | -$138 | |
| Property Insurance | -$43 | |
| HOA | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$85
|
||
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.
$234,000
PROJECTED PRICE
$1,160
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.2% |
| 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
$67,760
LOAN DETAILS
$813
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,500 |
| Loan Amount | $175,500 |
3.42
YEARS SAVED
$6,641
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$1,061
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
170 E Guadalupe Road #20 Gilbert, AZ 2
- 2 beds 2 baths ∙ 816 Sqft ∙ Built 1985 2 beds 2 baths ∙ 816 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,160
- $1.42
-
406 E Cullumber Avenue #a Gilbert, AZ 1
- 2 beds 2 baths ∙ 813 Sqft ∙ Built 1985 2 beds 2 baths ∙ 813 Sqft ∙ Built 1985
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $950
- $1.17
-
119 N Oak Street #a Gilbert, AZ 3
- 2 beds 2 baths ∙ 910 Sqft ∙ Built 1965 2 beds 2 baths ∙ 910 Sqft ∙ Built 1965
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,250
- $1.37
-
170 E Guadalupe Road #44 Gilbert, AZ 4
- 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1985
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,350
- $1.34
-
446 N Alder Court Gilbert, AZ 5
- 2 beds 2 baths ∙ 1,059 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,059 Sqft ∙ Built 2004
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.32
PROPERTY LISTING DETAILS
Bliss Realty & Investments
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191765
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.
