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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $186.67
- 2 Days on Market
- MLS # : 6173220
- Updated Date : 12/19/2020 at 14:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,250 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
BACK ON THE MARKET: Gorgeous Home in Cul-De Sac Lot W/Huge Yard and RV Gate! Near 202/Shopping Brand New Tile Throughout the Lower Level and New laminated Flooring Second level with New Tile in Bathrooms and Laundry Room. Den could easily be used as a 4th Bedroom or a Home Office, Huge Master Bedroom with His and Her Closet Large Loft Game Room/Playroom. Full deck with View to the Mountains. Laundry Room Upstairs with additional storage. Wood Blinds Throughout. Extended Pantry off Kitchen Granite on all the right places. Full Patio, Pre-wired for Ceiling Fans, Back yard pergola with Fireplace, great for entertaining, with plenty of space for outdoor fun. DON'T MISS OUT ON THIS ONE!!
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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 | $1,940 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$287 | |
| Property Insurance | -$71 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$87
|
||
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.
$420,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.46%
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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
4.33
YEARS SAVED
$20,912
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,980
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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2551 E Oxford Court Gilbert, AZ 3
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2956 E Franklin Avenue Gilbert, AZ 1
- 3 beds 3 baths ∙ 2,159 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,159 Sqft ∙ Built 2006
LEASED 01/21/20- Rent
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- $1,795
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- 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2006
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
1819 S Rochester Drive Gilbert, AZ 4
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2012
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.96
-
2681 E Clifton Avenue Gilbert, AZ 5
- 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
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173220
Last Updated: 12/19/2020
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.
