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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $189.97
- 3 Days on Market
- MLS # : 6163233
- Updated Date : 11/20/2020 at 18:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,974 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Here is your opportunity to own a freshly painted home, inside and out, on the greenbelt in the lovely Shamrock Estates community. The master bedroom is on the ground level. Corian counters, breakfast bar, large loft with Pergo flooring, and so much more. The beautifully landscaped backyard features a sparkling pool, view fence, and a putting greenand a built in barbeque as well as a smoker. Walk to the A+ CTA Freedom Elementary School. One block from the neighborhood park. Close to the newly built Gilbert Regional Park
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PRICE & RENT TRENDS
Neighborhood: Shamrock Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shamrock Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$238 | |
| Property Insurance | -$66 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
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.
$375,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.25
YEARS SAVED
$24,231
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
-
$1,969
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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2989 E Aris Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,974 Sqft ∙ Built 2006
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- Rent Per SQFT
- $0
- $0.00
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6335 S Shelby Way Gilbert, AZ 2
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 2004
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
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2744 E Lodgepole Drive Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2009
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
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2587 E Tiffany Way Gilbert, AZ 4
- 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2013
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,099
- $1.00
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3265 E Myrtabel Way Gilbert, AZ 5
- 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 2013
LEASED 10/19/20- Rent
- Rent Per SQFT
- $2,300
- $1.11
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163233
Last Updated: 11/20/2020
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.
