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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $189.47
- 6 Days on Market
- MLS # : 6161557
- Updated Date : 11/17/2020 at 14:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,639 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Location in heart of Gilbert. North South exposure-front yard faces north. THREE CAR GARAGE. NO NEIGHBORS behind-backs to green belt! Huge kitchen OPEN to family room. Granite counters, stainless steel appliances. High-end built in refrigerator. GAS cooktop with high end chef's hood to get rid of all the smoke. Walk-in pantry. Modern wood-plank style vinyl tiles. Huge master w/large walk-in closet. SPLIT FLOOR PLAN. Big work station next to large secondary bedrooms w/walk-in closets! Back yard is a resort-paradise. Beautiful HEATED pool to swim laps! Built in bbq. 1/2 view fence of greenbelt. Totally private! Plantation shutters throughout. TEN FOOT flat ceiling-12' high living room! Sink in laundry room. Water softener. Minutes from major shopping and freeways! LIGHT & BRIGHT throughout!
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PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$297 | |
| Property Insurance | -$79 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1
|
||
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.
$500,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
5.42
YEARS SAVED
$34,249
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,540
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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3449 E Cody Avenue Gilbert, AZ 3
- 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,639 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,370
- $0.90
-
3441 E Weather Vane Road Gilbert, AZ 1
- 4 beds 4 baths ∙ 2,367 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,367 Sqft ∙ Built 2009
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,350
- $0.99
-
1256 N Banning Street Gilbert, AZ 2
- 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.96
-
3150 E San Angelo Avenue Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2003
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.93
-
981 N Balboa Drive Gilbert, AZ 5
- 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,619 Sqft ∙ Built 2003
LEASED 06/01/19- Rent
- Rent Per SQFT
- $2,540
- $0.97
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161557
Last Updated: 11/17/2020
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.
