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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $205.28
- 4 Days on Market
- MLS # : 6166968
- Updated Date : 12/05/2020 at 15:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,705 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
You'll love this charming and immaculately cared for home in the beautiful El Dorado Lakes golf community. As you enter the foyer, you are greeted with vaulted ceilings and lots of natural light. With brand new paint inside and out, this home shows like new. This large 1705 Sqft home, feels even larger due to the excellent layout and design, allowing the greatest comfort for those family gatherings and holidays. Featuring 3 bedrooms and 2.5 full bathrooms, this home has all the space you will ever need. The open concept kitchen features granite countertops, stainless steel appliances, a sizeable island, pantry, and rich laminate wood floors throughout. The spacious master suite is large enough to easily accommodate all your furniture as well as a king sized bed. Entering the
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PRICE & RENT TRENDS
Neighborhood: El Dorado Lakes Golf Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Dorado Lakes Golf Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$206 | |
| Property Insurance | -$60 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$18
|
||
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.
$350,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.33
YEARS SAVED
$22,820
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,803
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1767 W Encinas Street Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
921 N Kingston Street Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1995
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
645 N El Dorado Drive Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1994
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.97
-
612 N El Dorado Drive Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,900
- $1.12
-
991 W Juanita Avenue Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,995
- $1.09
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166968
Last Updated: 12/05/2020
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.
