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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $188.48
- 4 Days on Market
- MLS # : 6178317
- Updated Date : 01/17/2021 at 04:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,387 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
BEAUTIFUL 4 bedroom, 2.5 bath 2387 sq ft home located in the highly sought after town of Gilbert! With an open floor plan, vaulted ceilings, gorgeous dining area and eye catching beautiful wood flooring, THIS HOME IS A STUNNER! The gorgeous kitchen has light colored cabinets, a pantry and tile laid diagonally. MASTER BEDROOM is located downstairs and the spacious upstairs is perfect for any family! With a Crystal Blue pool, the amazing backyard is perfect for entertaining! This one will not last!
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PRICE & RENT TRENDS
Neighborhood: Chaparral Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chaparral Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$307 | |
| Property Insurance | -$74 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$88
|
||
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.
$449,900
PROJECTED PRICE
$2,150
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$124,974
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
6.25
YEARS SAVED
$32,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,160
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3354 E Hampton Lane Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,150
- $0.90
-
3440 E Morelos Court Gilbert, AZ 1
- 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2003
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
-
3238 E Fairview Street Gilbert, AZ 2
- 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 2003
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
2263 S Annie Lane Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2016
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.89
-
3351 E Oakland Street Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2008
LEASED 12/25/20- Rent
- Rent Per SQFT
- $2,285
- $0.97
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178317
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.
