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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $225.98
- 4 Days on Market
- MLS # : 6171171
- Updated Date : 01/01/2021 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,659 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Fully Owned Solar Panels! Beautiful Gilbert home available in highly sought after Finley Farms. Must see interior is sure to impress with a desirable open concept floor plan, perfect for gathering friends and family. Soaring vaulted ceilings, inviting custom paint tones and soft natural lighting throughout. Gorgeous wood look and tile flooring in all of the right places. Stylish island kitchen features granite counters and warm custom cabinetry. Spacious den with lots of possibilities. You will love the sun soaked Arizona room, a great spot to relax and enjoy a book or beverage. Master retreat includes a walk in closet with shelving and a full en-suite. Excellent outdoor entertaining space is complete with lots of patio seating room and a sparkling pool. This gem has it all. See it today!
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PRICE & RENT TRENDS
Neighborhood: Finley Farms South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Finley Farms South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$220 | |
| Property Insurance | -$60 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$145
|
||
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.
$374,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
3.58
YEARS SAVED
$14,055
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
-
$1,647
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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2315 E Arabian Drive Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2150 E Arabian Drive Gilbert, AZ 2
- 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,610 Sqft ∙ Built 1997
LEASED 07/04/20- Rent
- Rent Per SQFT
- $1,525
- $0.95
-
1768 E Palomino Drive Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
-
2253 E San Tan Drive Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1996
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
2501 E Kent Avenue Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1997
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171171
Last Updated: 01/01/2021
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.
