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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $212.40
- 2 Days on Market
- MLS # : 6187316
- Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,742 sqft
- Baths : 2 full
Listing Agent
Dempsey Group Realty
Listing Agent's Description
Your home sweet home is here! This beautiful corner lot property is nestled in the heart of Gilbert. The house provides great curb appeal and easy-care desert landscaping. Step inside this beauty to find everything you have been looking for. Starting with a living and dining area, neutral color palette, and so much natural light ideal for interior plants. This dreamy eat-in kitchen would make any home chef jealous with it's high-end appliances, breakfast bar, recessed lighting, pantry, and gorgeous oak cabinetry with crown molding. Inside the main bedroom, you will find a lavish on-suite bathroom with his and her sinks, along with a generous walk-in closet. Out the back, you have a covered and paved patio where you can enjoy relaxing afternoons. Great community of Lyon's Gate offers
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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 | $1,700 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$253 | |
| Property Insurance | -$61 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$58
|
||
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.
$370,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.46%
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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
4.33
YEARS SAVED
$15,534
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,707
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2777 E Megan Street Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2644 E Megan Street Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,645
- $0.94
-
1644 S Reseda Street Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2006
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
1707 S Rochester Drive Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2008
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
-
2822 E Megan Street Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2006
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
PROPERTY LISTING DETAILS
Dempsey Group Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187316
Last Updated: 01/30/2021
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.
