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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $222.03
- 4 Days on Market
- MLS # : 6189770
- Updated Date : 02/04/2021 at 18:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,675 sqft
- Baths : 2 full , 1 half
Listing Agent
Zillow Homes Inc
Listing Agent's Description
Fall in love with the layout of this charming 3 bedroom, 2.5 bathroom home! The kitchen and living space share a welcoming open layout that is perfect for entertaining friends and family. The kitchen features beautiful cabinetry, a large island, and tons of counter space to cook your favorite meals. After a long day, head upstairs to the primary bedroom suite with its walk-in closet and a private bathroom with double vanity sinks and a separate soaking tub. Outdoor activity is easy to get to with Seville Golf & Country Club less than 10 minutes away, Trilogy Golf Club just 10 minutes away, and San Tan Mountain Regional Park just over 20 minutes away!
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PRICE & RENT TRENDS
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,292 |
| Property Tax | -$260 | |
| Property Insurance | -$60 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
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.
$371,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$104,304
LOAN DETAILS
$1,292
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,975 |
| Loan Amount | $278,925 |
3.17
YEARS SAVED
$9,347
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
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$1,675
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/01/20- Rent
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- $1,650
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3285 E Meadowview Drive Gilbert, AZ 3
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LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,749
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3231 E Sports Drive Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2010
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,795
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3279 E Morning Star Lane Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
PROPERTY LISTING DETAILS
Zillow Homes Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189770
Last Updated: 02/04/2021
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.
