Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $258.01
- 3 Days on Market
- MLS # : 6190633
- Updated Date : 02/05/2021 at 22:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,279 sqft
- Baths : 2 full
Listing Agent
Denman Realty Group, L.l.c
Listing Agent's Description
This is a great home in a great location. Minutes from downtown Gilbert and wonderful dining. Quick access to both the US 60 and 202 San Tan freeways. The home has a wonderful floor plan that utilizes the space well. Garage was once a room and is fully insulated and duct work is in place. This home will not stay on the market long in this area.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$194 | |
| Property Insurance | -$52 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$100
|
||
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.
$330,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.67
YEARS SAVED
$11,297
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
-
$1,404
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
299 W Sheffield Avenue Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,279 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
103 W Jasper Drive Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1998
![property image]()
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.12
-
1529 S Sahuaro Drive Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1998
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
-
1562 S Monterey Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
-
1425 S Monterey Street Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1996
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,595
- $1.09
PROPERTY LISTING DETAILS
Denman Realty Group, L.l.c
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190633
Last Updated: 02/05/2021
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.
