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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $207.61
- 2 Days on Market
- MLS # : 6184761
- Updated Date : 01/23/2021 at 05:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,890 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
You're going to love this beautiful 4bd + bonus room & den. The great room with fireplace opens onto the spacious eat-in kitchen, featuring 42'' staggered maple cabinetry with crown molding, granite countertops, tile backsplash, stainless appliances, gas cooktop, walk-in pantry & island with breakfast bar. Oversized windows and sliding door overlook the desert oasis out back. Mature palms, heated pool with water feature, above ground spa under the shaded pergola, covered travertine patio with ceiling fan and misting system, and low-maintenance artificial turf make this a backyard you won't want to leave. Inside, the split master retreat features a recently upgraded bathroom, with oversized walk-in shower, dual sink vanity, and walk-in closet with
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$410 | |
| Property Insurance | -$84 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$405
|
||
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.
$600,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.38%
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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
1.92
YEARS SAVED
$7,311
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
-
$2,348
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
2480 E Donato Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,890 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1295 E Indigo Street Gilbert, AZ 2
- 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.79
-
2573 E Ironside Court Gilbert, AZ 3
- 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2013
LEASED 11/19/20- Rent
- Rent Per SQFT
- $2,250
- $0.73
-
2735 E Narrowleaf Drive Gilbert, AZ 4
- 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2011
LEASED 12/09/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
3386 E Tiffany Court Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
LEASED 08/23/19- Rent
- Rent Per SQFT
- $2,724
- $0.92
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184761
Last Updated: 01/23/2021
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.
