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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $197.99
- 5 Days on Market
- MLS # : 6174798
- Updated Date : 01/09/2021 at 18:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,692 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Welcome to this beautifully updated home in the ideally located community, Vincenz. Offering 3 bedrooms and 2.5 baths, this stylish home is move in ready. All new flooring in 2017 including wood plank tile down stairs and all new carpet upstairs. You will love the look and function of the all new (2017) kitchen with grey cabinets, quartz counters, & stainless steel appliances - WOW! The extra large master suite offers plenty of space to work from home or simply extra privacy. The back patio offers a barbecue island and gate to garage. Keyless entries and wifi thermostat are ready for your convenience. Garage includes cabinets & coated floor. Located just off the 202 freeway and close to the San Tan Village mall, the Vincenz community offers a community pool, and parks.
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PRICE & RENT TRENDS
Neighborhood: Vincenz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vincenz
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$229 | |
| Property Insurance | -$60 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$335,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
6
YEARS SAVED
$22,641
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,633
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2470 E Vermont Drive Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $0.97
-
2509 E Vermont Drive Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,692 Sqft ∙ Built 2013
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.94
-
2520 E Vermont Drive Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2008
![property image]()
LEASED 04/12/20- Rent
- Rent Per SQFT
- $1,600
- $0.95
-
2476 E Boston Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 2010
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
2456 E Vermont Drive Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2009
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,700
- $1.01
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174798
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.
