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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $202.03
- 4 Days on Market
- MLS # : 6174404
- Updated Date : 12/24/2020 at 22:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 2 full
Listing Agent
Call Realty, Inc.
Listing Agent's Description
Beautiful 3 bedroom plus den, 2.5 bath home in the gated community of Fincher Creek This property features a large kitchen with new built in microwave and dishwasher. Family room is adjacent to a downstairs den which is perfect for a home office. This home has also been refreshed with new interior paint and plush carpet throughout. Outside you will find a courtyard sized low maintenance yard. Additional features include a newer HVAC, newer exterior paint, 2 car garage.This property is located within walking distance to the San Mall with plenty of shopping, restaurants and entertainment.
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PRICE & RENT TRENDS
Neighborhood: Fincher Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fincher Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$177 | |
| Property Insurance | -$56 | |
| HOA | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$133
|
||
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.
$299,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
3.17
YEARS SAVED
$8,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,462
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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1978 E Ivanhoe Street Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2005
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- Rent
- Rent Per SQFT
- $1,420
- $0.96
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1942 E Harrison Street Gilbert, AZ 2
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LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
1901 E Emily Lane Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,499
- $0.95
-
1968 E Del Rio Street Gilbert, AZ 4
- 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,574 Sqft ∙ Built 2005
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
1764 E Erie Street Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1998
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174404
Last Updated: 12/24/2020
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.
