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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $180.47
- 5 Days on Market
- MLS # : 6200083
- Updated Date : 03/02/2021 at 20:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,884 sqft
- Baths : 3 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Turn key move in ready, 4 bed, 3 full bath home located in the beautiful Lyons Gate community of Gilbert! This home features stainless steel appliances, granite counter tops in the kitchen, and all new interior paint. This floor plan also has a full bedroom and bathroom down stairs, with the additional 3 bedrooms and 2 bathrooms on the upper level. This community features a community Park and Pool Close By, Shopping, Restaurants, and other great entertainment amenities!
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PRICE & RENT TRENDS
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$232 | |
| Property Insurance | -$64 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$54
|
||
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.
$340,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
5.92
YEARS SAVED
$22,774
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
-
$1,691
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2640 E Megan Street Gilbert, AZ 1
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2600 E Megan Street Gilbert, AZ 2
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
2754 E Megan Street Gilbert, AZ 3
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
2622 E Megan Street Gilbert, AZ 4
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2006
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
2732 E Megan Street Gilbert, AZ 5
- 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,884 Sqft ∙ Built 2011
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200083
Last Updated: 03/02/2021
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.
