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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $198.74
- 3 Days on Market
- MLS # : 6189577
- Updated Date : 02/06/2021 at 01:42
CONSTRUCTION
- Beds : 5
- Floor Size : 2,219 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
So many perks to this beautiful home! Within a few miles to the 202, Santan shopping area, Agritopia Epicenter, Gilbert regional park and Verde at Cooley station. This home is located on a corner lot, has a large backyard, two storage sheds, three car garage and RV gate. The vaulted ceilings and open layout take advantage of every square inch. Large master bedroom, spacious walk in closet and balcony make the master suite a dream. Secondary bedrooms with walk in closets and double sinks in both upstairs bathrooms. Updated water heater, flooring and exterior paint make this home a perfect fit.
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PRICE & RENT TRENDS
Neighborhood: Chandler Ginning
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler Ginning
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,532 |
| Property Tax | -$301 | |
| Property Insurance | -$70 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$87
|
||
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.
$441,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$122,615
LOAN DETAILS
$1,532
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,250 |
| Loan Amount | $330,750 |
4.17
YEARS SAVED
$17,315
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,041
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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3434 E Phelps Street Gilbert, AZ 1
- 5 beds 3 baths ∙ 2,219 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,219 Sqft ∙ Built 2003
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- $0
- $0.00
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3440 E Morelos Court Gilbert, AZ 2
- 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
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3242 S Moccasin Trail Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2001
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
-
3238 E Fairview Street Gilbert, AZ 4
- 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
-
3661 E Waite Lane Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,225 Sqft ∙ Built 2007
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,200
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189577
Last Updated: 02/06/2021
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.
