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 2012
- Price/Sqft : $219.98
- 4 Days on Market
- MLS # : 6186277
- Updated Date : 01/29/2021 at 17:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,432 sqft
- Baths : 2 full , 1 half
Listing Agent
Newman Realty, Llc
Listing Agent's Description
Stunning, move in ready home in Freeman Farms now for Sale! This gently used 4 bedroom, 2.5 bath single family home features a nice open great room concept floorplan. Gourmet kitchen with tons of counter space, kitchen island, gas cooktop and walk in pantry. Formal dining off great room and open spacious nook. Master bedroom has full tub and shower and double sinks ahead of the large walk in closet. Backyard designed for entertaining with beautiful pool and outdoor built in gas fed grill and gas fed firepit. Check this one out today before it's gone!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,858 |
| Property Tax | -$374 | |
| Property Insurance | -$75 | |
| HOA | -$29 | |
| 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.
$535,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$147,525
LOAN DETAILS
$1,858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
3.67
YEARS SAVED
$18,584
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,396
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2437 E Aris Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2744 E Lodgepole Drive Gilbert, AZ 2
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
2587 E Tiffany Way Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,099
- $1.00
-
2557 E Orleans Drive Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2013
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,250
- $0.96
-
2497 E Aris Drive Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 2012
LEASED 08/29/20- Rent
- Rent Per SQFT
- $2,800
- $1.03
PROPERTY LISTING DETAILS
Newman Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186277
Last Updated: 01/29/2021
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.
