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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $210.90
- 1 Days on Market
- MLS # : 6158781
- Updated Date : 11/14/2020 at 22:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,715 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Fabulous Gilbert home with RV Gate and Pad; Extended, high-profile garage; Pebble-Tech Play Pool with pop-up cleaning system & two 1.5 hp motor pumps; resurfaced pool decking; covered patio running the length of the home. High-end granite kitchen C-Tops; Large kitchen Island with deep, composite granite sink; 6-foot wide bi-fold door pantry. Updates in both bathrooms. HWH replaced in 2015. Owned; not leased; Solar Panels. Xtra blown-in insulation in 2011. New HVAC in 2012 with whole house filter. Sunscreens on East & West facing dual-pane windows. Cordless blinds. Ceiling fans thru-out. Established fruit trees. And, if all that doesn't flip your switch then how about close to entertainment, dining and other downtown Gilbert amenities. Come check this home out NOW!
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PRICE & RENT TRENDS
Neighborhood: Windmill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windmill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,335 |
| Property Tax | -$247 | |
| Property Insurance | -$61 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$111
|
||
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.
$361,700
PROJECTED PRICE
$1,650
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.4% |
| 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
$101,601
LOAN DETAILS
$1,335
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,425 |
| Loan Amount | $271,275 |
3.83
YEARS SAVED
$15,130
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
-
$1,762
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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3299 E Oriole Drive Gilbert, AZ 1
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3830 S Joshua Tree Lane Gilbert, AZ 2
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LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,500
- $0.98
-
3383 E Chickadee Road Gilbert, AZ 3
- 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 2001
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LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,795
- $1.05
-
4179 S Hemet Street Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004
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LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,880
- $1.03
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3867 S Sunnyvale Avenue Gilbert, AZ 5
- 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,905 Sqft ∙ Built 2001
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6158781
Last Updated: 11/14/2020
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.
