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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $224.90
- 4 Days on Market
- MLS # : 6171810
- Updated Date : 01/02/2021 at 03:17
CONSTRUCTION
- Beds : 4
- Floor Size : 3,446 sqft
- Baths : 2 full , 1 half
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
Enjoy Resort Style Living at this Single Story Gated Home located in top rated Chandler Unified School District! Expansive San Tan Mountain views from inside and outside! Enjoy the sparkling POOL and SPA! Lounge on the covered patio, entertain and dine al fresco at the BBQ, outdoor beverage center and bar. Open concept kitchen with huge granite island and breakfast bar, all Stainless Steel appliances: DUAL wall ovens, Gas Cooktop, sleek oven hood, dishwasher and built in microwave! Massive Walk In Pantry! Separate Office near Entry, Bonus Room/Teen Room near Kitchen. Dining Room can flex into an office, playroom, learning space/homeschool, music room, etc. Owner's Suite has a walk in Closet and French Door to Patio. Dual sinks, soaking tub and separate shower in Owner's Bathroom.
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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 | $2,850 |
| EXPENSES | Loan Payment | -$2,859 |
| Property Tax | -$491 | |
| Property Insurance | -$94 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$844
|
||
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.
$775,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.37%
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
$211,125
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
0.67
YEARS SAVED
$2,091
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,757
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 04/28/20- Rent
- Rent Per SQFT
- $3,000
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $3,000
- $0.83
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171810
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
