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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $168.18
- 2 Days on Market
- MLS # : 6178956
- Updated Date : 01/09/2021 at 04:53
CONSTRUCTION
- Beds : 6
- Floor Size : 3,859 sqft
- Baths : 4 full
Listing Agent
Shadow Hawk Realty, Llc
Listing Agent's Description
Beautiful, spacious home with a pool in the best part of Gilbert! Upgraded kitchen with expensive, alder cabinets and granite counter tops. Shutters throughout the home. New tankless water heater. 2 new AC units. Guest suite downstairs with its own dedicated AC unit and full bathroom. Newly renovated master bathroom closets maximizing space. Cozy family room with shelves and fireplace. Pool resurfaced with pebble sheen finish and new tile 2 years ago. The neighborhood is amazing: great neighbors, wide streets, mature trees, and close to shopping, theatres, and plenty of restaurants.
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PRICE & RENT TRENDS
Neighborhood: Ashland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$2,254 |
| Property Tax | -$382 | |
| Property Insurance | -$99 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$225
|
||
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.
$649,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$177,735
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
3.5
YEARS SAVED
$20,002
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
-
$2,669
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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2159 S Sailors Way Gilbert, AZ 1
- 6 beds 4 baths ∙ 3,690 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,690 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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1359 E Parkview Drive Gilbert, AZ 2
- 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,450 Sqft ∙ Built 2004
![property image]()
LEASED 12/28/19- Rent
- Rent Per SQFT
- $2,250
- $0.65
-
2076 S Porter Street Gilbert, AZ 3
- 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 1999
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,750
- $0.82
-
2124 S Stuart Avenue Gilbert, AZ 4
- 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2001
![property image]()
LEASED 07/11/19- Rent
- Rent Per SQFT
- $2,800
- $0.70
PROPERTY LISTING DETAILS
Shadow Hawk Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178956
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
