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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $184.00
- 4 Days on Market
- MLS # : 6189803
- Updated Date : 02/05/2021 at 21:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Northeast Realty
Listing Agent's Description
This two story home on a large lot is what you've been looking for! You'll love the light & bright interior and open concept with tile flooring and carpet that was updated in 2020. The family room, neutral color palette, and large loft provide all of the space and comfort you need. The beautiful kitchen is outfitted with a large center island, stainless steel appliances, and plenty of cabinets. The huge master suite offers plenty of space for all your furniture and has an ample bath w/double sinks & walk-in closet with built in shelving. The huge backyard has a fenced blue pool, an extended covered patio, storage shed, and grass area. Let's not forget the RV gate/parking! Nestled in a quiet cul-de-sac, this incredible home has it all! Hurry to schedule a showing!
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PRICE & RENT TRENDS
Neighborhood: Crossings at Crossroads
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crossings at Crossroads
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$314 | |
| Property Insurance | -$76 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$117
|
||
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.
$460,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
3.92
YEARS SAVED
$16,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,169
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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2596 E Bart Street Gilbert, AZ 2
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LEASED 11/13/20- Rent
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- $1,999
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- 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.87
-
2572 E Bart Street Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.85
-
2631 E Los Alamos Court Gilbert, AZ 5
- 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,300
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Northeast Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189803
Last Updated: 02/05/2021
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.
