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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $237.41
- 1 Days on Market
- MLS # : 6263483
- Updated Date : 07/13/2021 at 16:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,085 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
An ideal Gilbert location near Agritopia, San Tan Mall, Cosmo Dog Park & the 202. This original owner Lyon's Gate Sahara model is N/S facing on a tree lined street and features eco friendly solar panels to beat the heat, plus a Nest thermostat & rain water collecting system. The freshly painted interior has room for all. Two massive living areas & 3 bedrooms. A 4th room, currently used for media studio, can be your 4th bedroom/office/gym or home school. A French country range hood and elegant pressed tin backsplash showcase a 5 burner GAS cooktop. A new commercial grade pull-down faucet shines at the breakfast bar. The low maintenance yard features a ramada & paved patio area. Cool off in the 3 community pools - one at the end of your block! Plus 8 playgrounds and highly rated schools.
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PRICE & RENT TRENDS
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$338 | |
| Property Insurance | -$68 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$364
|
||
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.
$495,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
1.58
YEARS SAVED
$4,775
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,080
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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3277 E Franklin Avenue Gilbert, AZ 2
- 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,920
- $0.92
-
3468 E Liberty Lane Gilbert, AZ 1
- 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2010
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.98
-
3314 E Sheffield Road Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,095
- $0.94
-
1867 S Seton Avenue Gilbert, AZ 4
- 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008
LEASED 04/01/21- Rent
- Rent Per SQFT
- $2,150
- $1.03
-
3293 E Sheffield Road Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2012
LEASED 01/31/21- Rent
- Rent Per SQFT
- $2,330
- $1.04
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263483
Last Updated: 07/13/2021
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.
