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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $147.48
- 2 Days on Market
- MLS # : 6161963
- Updated Date : 11/28/2020 at 14:55
CONSTRUCTION
- Beds : 4
- Floor Size : 3,180 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Sossaman Estates is a favorite due to its oversized lots, expansive greenbelts, its proximity to Gilbert, and the 202, so you won't want to miss this corner lot, four bedroom home. A courtyard entry welcomes you into the formal dining room and living room, which has a fireplace. The neutral kitchen has tons of cabinet space, a pantry, and a built-in work station. There is a half bathroom downstairs, with all four bedrooms and two full bathrooms upstairs, including the master bathroom. The master bedroom has a large sitting area that would make a great nursery, gym, or home office. The balcony off the master is a peaceful spot to catch the morning sunrise. For convenience, the laundry is upstairs. The oversized backyard has plenty of grass, a fire pit area, built-in BBQ, and a play pool.
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PRICE & RENT TRENDS
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$380 | |
| Property Insurance | -$89 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$39
|
||
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.
$469,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.52%
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
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
5.5
YEARS SAVED
$33,299
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
-
$2,600
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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4132 E Carriage Court Gilbert, AZ 2
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LEASED 06/26/20- Rent
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- $2,450
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LEASED 05/29/20- Rent
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- $2,495
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4609 S Ranger Court Gilbert, AZ 4
- 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,595
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4562 S Star Canyon Drive Gilbert, AZ 5
- 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,800
- $0.84
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161963
Last Updated: 11/28/2020
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.
