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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $167.93
- 2 Days on Market
- MLS # : 6197076
- Updated Date : 02/21/2021 at 01:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,382 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Great 4 bed, 2 bath two-story located in Sonoma Ranch. Formal living & dining. Vaulted ceilings, soft color palette. Tile & carpet flooring. Open concept floor plan for the kitchen, dining, and family room. The family room has a cozy fireplace. The eat-in kitchen has white cabinets, Quartz counters, breakfast bar, SS appliances, and pantry cabinets. Guest bed & bath downstairs. Sizable bedrooms. Large primary bedroom has vaulted ceilings, full bath with double vanity, separate tub & shower, walk-in closet. The low maintenance backyard has a covered patio, sparkling pool and synthetic lawn. Close to schools, shopping, and the US 60. Make this your new home today!
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PRICE & RENT TRENDS
Neighborhood: Sonoma Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoma Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$236 | |
| Property Insurance | -$74 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$494
|
||
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.
$400,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
11.67
YEARS SAVED
$72,888
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,465
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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1857 E Aspen Way Gilbert, AZ 1
- 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,382 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,300
- $0.97
-
1625 E Heather Avenue Gilbert, AZ 2
- 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995
LEASED 12/01/20- Rent
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- $2,450
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2174 E New Bedford Drive Gilbert, AZ 3
- 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
-
1156 N Fiji Way Gilbert, AZ 4
- 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,595
- $1.02
-
2066 E La Salle Way Gilbert, AZ 5
- 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,650
- $1.10
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197076
Last Updated: 02/21/2021
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.
