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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $154.28
- 4 Days on Market
- MLS # : 6176509
- Updated Date : 01/09/2021 at 15:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,664 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This home is in Primo gilbert located right near Gilbert Town square and 2 miles from Down Town Gilbert! Big open kitchen to family room, breakfast bar, tons of storage in laundry, Upstairs has 4 bedrooms all w/ walk in closets + loft room, master bedroom has sitting/office area, Double sinks & separate tub/shower in Master Bath, 2'' faux wood blinds throughout, ceramic tile in kitchen & baths, covered patio. Across from neighborhood park area & no neighbors behind. Master upstairs. 1/2 bath down.
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PRICE & RENT TRENDS
Neighborhood: Settler's Point South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Settler's Point South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,428 |
| Property Tax | -$242 | |
| Property Insurance | -$79 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$354
|
||
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.
$411,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$114,665
LOAN DETAILS
$1,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,750 |
| Loan Amount | $308,250 |
9.75
YEARS SAVED
$58,996
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,344
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995
LEASED 11/01/19- Rent
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LEASED 11/08/19- Rent
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- $2,350
- $0.99
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176509
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.
