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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $219.68
- 3 Days on Market
- MLS # : 6199712
- Updated Date : 02/27/2021 at 20:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,707 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Beautiful 3 bedroom home minutes from shopping, dining, and nightlight at Downtown Gilbert. Open concept living room and dining area with a fireplace, floor to ceiling mantle, natural lighting and vaulted ceilings. French doors lead to your spacious master suite, also with vaulted ceilings, bathroom with separate tub and upgraded, tile shower and double sinks. Private, gated entry to your courtyard and front door area. Other feature include ceiling fans throughout, stainless steel kitchen appliances, North/South facing lot across from the community pool, backyard covered patio, fruit trees, and mature landscaping.
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PRICE & RENT TRENDS
Neighborhood: Stonebridge Lakes Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonebridge Lakes Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$221 | |
| Property Insurance | -$60 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$183
|
||
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.
$375,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
8.08
YEARS SAVED
$39,500
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
341 E Stonebridge Drive Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,890
- $1.11
-
476 N Alder Court Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.08
-
158 W Commerce Court #39 Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2004
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
230 E Tremaine Avenue Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
221 E Vaughn Avenue Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.18
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199712
Last Updated: 02/27/2021
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.
