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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $194.51
- 3 Days on Market
- MLS # : 6196750
- Updated Date : 02/20/2021 at 16:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,748 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Look no further! You've found it! This BEAUTIFULLY REMODELED 3 bed, 2.5 bath home located in Gilbert, boasts low maintenance landscaping along with a 2 car side entry garage. The open interior features a large dining and living area with neutral paint throughout. The beautiful kitchen, that you're sure to love, boasts ample cabinet and counter space, pantry, SS appliances, and breakfast bar. Inside the spacious master bedroom you will find a full bath with double sinks, with a spacious walk-in closet for all your belongings. The cozy backyard with a ramada style patio, is perfect for spending quality time with friends and loved ones! You are super close to shopping, restaurants, LA Fitness, and MORE, not to mention good access to the 202! This will go fast! Set up your showing today!
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PRICE & RENT TRENDS
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$232 | |
| Property Insurance | -$61 | |
| HOA | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$340,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
5.33
YEARS SAVED
$19,219
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
-
$1,674
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1735 S Balboa Drive Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1876 S Colt Drive Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2008
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
1785 S Balboa Drive Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2009
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,625
- $0.93
-
2970 E Megan Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2007
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.97
-
1707 S Rochester Drive Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2008
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196750
Last Updated: 02/20/2021
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.
