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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $148.23
- 3 Days on Market
- MLS # : 6176251
- Updated Date : 01/03/2021 at 02:37
CONSTRUCTION
- Beds : 6
- Floor Size : 4,385 sqft
- Baths : 4 full
Listing Agent
Results Realty
Listing Agent's Description
Stunning The Willows @ Power Ranch T.W. Lewis Home situated in a rare Cul de Sac location!! This home is absolutely gorgeous and boasts the following amenities: Large plantation shutters - Solid wood flooring - Stainless appliances - Home surveillance system - Impeccable custom turf front yard landscape - Chef's / Entertainers kitchen - Huge Granite kitchen island - Massive walk in pantry - Custom staggered cabinetry - Gas cooking - Custom modern Farm lighting - Super tall ceilings - 8' interior doors and other custom trim finishes throughout - All bedrooms are oversized - Full length rear covered patio - Fresh paint inside and out - Epoxied garage flooring and much more! Power Ranch is one of the premiere communities in Gilbert! Close to Top Rated Schools, shopping, freeways and more!
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PRICE & RENT TRENDS
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,940 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$421 | |
| Property Insurance | -$113 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$119
|
||
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.
$650,000
PROJECTED PRICE
$2,940
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
4.42
YEARS SAVED
$33,547
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
-
$2,894
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
3554 S Sterling Court Gilbert, AZ 1
- 6 beds 4 baths ∙ 4,385 Sqft ∙ Built 2008 6 beds 4 baths ∙ 4,385 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4178 E Maplewood Street Gilbert, AZ 2
- 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,750
- $0.65
-
4635 E Calistoga Drive Gilbert, AZ 3
- 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,900
- $0.63
-
4768 E Ironhorse Road Gilbert, AZ 4
- 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005
LEASED 10/14/19- Rent
- Rent Per SQFT
- $2,950
- $0.70
PROPERTY LISTING DETAILS
Results Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176251
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
