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3550 E Feather Avenue 
Gilbert, AZ
85234
3 Beds 2 Baths 1,870 sqft
Built 2002
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $200.53
- 2 Days on Market
- MLS # : 6122357
- Updated Date : 08/25/2020 at 15:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,870 sqft
- Baths : 2 full
Listing Agent
R & C Real Estate Investments, Llc
Listing Agent's Description
Gilbert, Everything you need in this very nice 3 bedroom PLUS Den, 2 car garage. Freshly painted (exterior and interior), ready for new owner's personal touches. Owner's suite with vaulted ceilings and master bath with double vanity, and walk-in closet. New kitchen stainless appliances (range, dishwasher & over-the-hood microwave). Great Backyard ready for you to create your own personal oasis. Close to the freeway and shopping. Gilbert school rating is exceptional, check them out on the web.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$222 | |
| Property Insurance | -$64 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$241
|
||
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
$1,580
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.99% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
2.33
YEARS SAVED
$7,389
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,753
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3550 E Feather Avenue Gilbert, 1
- 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,580
- $0.84
-
3648 E Feather Avenue Gilbert, 2
- 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
3676 E Caleb Way Gilbert, 3
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
3594 E Gary Way Gilbert, 4
- 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,047 Sqft ∙ Built 2007
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
3917 E Stanford Avenue Gilbert, 5
- 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
PROPERTY LISTING DETAILS
R & C Real Estate Investments, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122357
Last Updated: 08/25/2020
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.
