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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $202.85
- 3 Days on Market
- MLS # : 6199512
- Updated Date : 02/27/2021 at 00:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,563 sqft
- Baths : 2 full
Listing Agent
Just Selling Az
Listing Agent's Description
Welcome home. This GORGEOUS 2563 SF home boasts 3 bedrooms, 2 bathrooms, high ceilings and TILE FLOORS throughout. You will love the location nestled into a quiet subdivision and just steps away from a massive GREENSPACE and playground. Step out into your RESORT STYLE BACKYARD featuring a huge covered patio, SPARKLING POOL with new variable speed pump, firepit area and BUILT IN BBQ. Lots of storage with the large laundry room & 3 CAR TANDEM GARAGE you will have everything you need, oh did I mention BRAND NEW WINDOWS installed in November 2020 with a 10 year transferable warranty. Call today, this home WILL NOT LAST LONG
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PRICE & RENT TRENDS
Neighborhood: Chaparral Estates West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chaparral Estates West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$355 | |
| Property Insurance | -$77 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$10
|
||
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.
$519,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.6% |
| 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
$143,524
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $129,975 |
| Loan Amount | $389,925 |
5.17
YEARS SAVED
$28,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,191
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2953 E Parkview Drive Gilbert, AZ 4
- 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,563 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $2,350
- $0.92
-
3351 E Canyon Creek Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2002
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LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.77
-
3277 E Carla Vista Drive Gilbert, AZ 2
- 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,708 Sqft ∙ Built 2008
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,195
- $0.81
-
3296 E Hopkins Road Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,349
- $0.88
-
2860 E Wyatt Way Gilbert, AZ 5
- 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,758 Sqft ∙ Built 2012
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,650
- $0.96
PROPERTY LISTING DETAILS
Just Selling Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199512
Last Updated: 02/27/2021
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.
