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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $249.96
- 2 Days on Market
- MLS # : 6194084
- Updated Date : 02/13/2021 at 21:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,600 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
hurry ! this super cute home wont last long built in 2020 home is like new seller has added a new front elevation & paint , landscape , paver patios installed fencing , shade storage structures for parking RV or boat ? planted pasture that is set up to irrigate bring your horse its ready for grazing then ride out the back gate so close to everything including shopping ,schools ,entertainment but has that country feel in a brand new friendly neighbor hood seller also added shiplap accents the large great room /dining area has plenty of room for entertaining & has a beautiful view of the san tan mountains what better way to watch the morning sunrise & evening sunset from the large covered back patio this property has enough room to add a pool or BBQ area + gardens & play areas NO HOA !
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PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$2,257 |
| Property Tax | -$466 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$490
|
||
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.
$649,900
PROJECTED PRICE
$2,410
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| 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
$177,974
LOAN DETAILS
$2,257
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,475 |
| Loan Amount | $487,425 |
1.58
YEARS SAVED
$6,031
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
-
$2,412
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
18007 E Indiana Avenue Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6933 S View Lane Gilbert, AZ 2
- 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
![property image]()
LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,195
- $0.85
-
6923 S View Lane Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2005
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,300
- $0.95
-
4351 E Vallejo Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004
![property image]()
LEASED 01/19/21- Rent
- Rent Per SQFT
- $2,400
- $0.91
-
4241 E Andre Avenue Gilbert, AZ 5
- 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004
![property image]()
LEASED 01/23/21- Rent
- Rent Per SQFT
- $2,750
- $1.00
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194084
Last Updated: 02/13/2021
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.
