Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $237.30
- 2 Days on Market
- MLS # : 6202791
- Updated Date : 03/06/2021 at 02:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,791 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Single level home by San Tan Mall! True 3 bedrooms PLUS Den , open Great Room floor plan with Gas Fireplace. Plantation Shutters! True 3 car front load garage with large backyard with two mature fruit trees. Community Pool too! HVAC TRANE replaced in 9/2020. Appliances have been replaced and all convey to Buyer if needed. Kitchen loaded with cabinets with two pantries. Master suite has dual sinks, walk in closet, walk in shower and separate soaker tub. Second full bath has remodeled Walk in shower. Newer double french doors with interior blinds in glass open to large backyard with covered patio and electric awning. Community Pool and Spa, Basketball court and playgrounds. Gilbert shopping,dining is hard to beat here!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Gateway Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gateway Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$290 | |
| Property Insurance | -$62 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
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.
$425,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.7% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.08
YEARS SAVED
$22,342
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2353 S Penrose Drive Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,930
- $1.08
-
2551 E Boston Street Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2011
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,790
- $1.06
-
2462 E Boston Street Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2010
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,800
- $1.07
-
2528 E Boston Street Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2012
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,895
- $1.10
-
2568 E Boston Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2013
LEASED 08/09/20- Rent
- Rent Per SQFT
- $1,900
- $1.10
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202791
Last Updated: 03/06/2021
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.
