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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $216.60
- 4 Days on Market
- MLS # : 6192934
- Updated Date : 02/13/2021 at 20:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,747 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Wow! Your dream home is calling! Get ready to fall in love with this spectacular 4 bedroom, 2.5 bathroom home with a den and a loft! Pulling up to the home, you are greeted by immaculate landscaping with a luscious lawn and a custom made front Security Door! Inside, there is fresh paint and neutral flooring throughout! Your stunning kitchen showcases gorgeous granite countertops, ample cabinet space, new stainless steel appliances (2020) including a French door refrigerator, and an island with a breakfast bar! Upstairs, your spacious master bedroom features a large walk-in closet, separate tub and shower, and a double sink vanity! Each of the bedrooms are vast in size and feature spacious walk-in closets! Your laundry room features a brand new washer and dryer that can be WiFi controlled.
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PRICE & RENT TRENDS
Neighborhood: Lakeview Trails North at Morrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeview Trails North at Morrison Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$2,067 |
| Property Tax | -$387 | |
| Property Insurance | -$81 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$491
|
||
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.
$595,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
1.42
YEARS SAVED
$4,186
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
-
$2,191
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- $1,850
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LEASED 07/01/20- Rent
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- $1,895
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3117 E Sagebrush Street Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017
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- $2,399
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3676 E Gideon Way Gilbert, AZ 5
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,495
- $0.88
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192934
Last Updated: 02/13/2021
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.
