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 2011
- Price/Sqft : $193.72
- 1 Days on Market
- MLS # : 6182151
- Updated Date : 01/17/2021 at 00:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,834 sqft
- Baths : 2 full , 1 half
Listing Agent
Guardian Realty
Listing Agent's Description
Come see this beautifully maintained home located in the highly desirable neighborhood of Stratland Estates. Recently updated features include granite countetops, cooktop, granite sink and touchless faucet in the kitchen. Tile and laminate flooring throughout home. A custom gate greets you as you enter the courtyard. The home features 4 bedrooms, a formal dining and a private office and a butlers pantry accessible from the kitchen or dining. Private corner lot with only single story homes adjacent on 2 sides. Easy access to the 202 and minutes away from shopping and medical facilities.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Stratland Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stratland Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,907 |
| Property Tax | -$375 | |
| Property Insurance | -$82 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$61
|
||
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.
$549,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$151,235
LOAN DETAILS
$1,907
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
4.58
YEARS SAVED
$25,529
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,451
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
3067 E Maplewood Street Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,430
- $0.86
-
3544 E Cabrillo Court Gilbert, AZ 1
- 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,665 Sqft ∙ Built 2001
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
3016 E Wyatt Way E Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,300
- $0.81
-
3924 S Moccasin Trail Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,350
- $0.83
-
3077 E Maplewood Street Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2011
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,795
- $0.99
PROPERTY LISTING DETAILS
Guardian Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182151
Last Updated: 01/17/2021
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.
