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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $176.52
- 2 Days on Market
- MLS # : 6182026
- Updated Date : 01/16/2021 at 22:02
CONSTRUCTION
- Beds : 5
- Floor Size : 4,532 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Beautiful open two story home in the beautiful Bridges community. Huge island kitchen with sitting room, large walk-in pantry with direct access to dinning room. Huge master bedroom and bath with access to work out room, very large closet leading to the laundry room. Upstairs has jack & Jill bath on one side, a huge loft and two bedrooms w/shared full bath. Back room leads out to balcony. Custom Pool w/glass bead finish and baha area. Custom outdoor kitchen with concrete tops, barbeque, griddle and TV. Owner has a dog and cat, please give 30 min notice before showing
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PRICE & RENT TRENDS
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,620 |
| EXPENSES | Loan Payment | -$2,779 |
| Property Tax | -$518 | |
| Property Insurance | -$115 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$76
|
||
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.
$799,990
PROJECTED PRICE
$3,620
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 12.4% |
| 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
$217,747
LOAN DETAILS
$2,779
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,998 |
| Loan Amount | $599,993 |
5.67
YEARS SAVED
$51,329
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
-
$4,283
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
3558 E Chestnut Lane Gilbert, AZ 1
- 5 beds 4 baths ∙ 4,532 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,532 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2560 E Carob Drive Gilbert, AZ 2
- 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010 6 beds 5 baths ∙ 4,305 Sqft ∙ Built 2010
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,450
- $0.80
-
17798 E Appaloosa Drive Queen Creek, AZ 3
- 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2019 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2019
LEASED 10/01/20- Rent
- Rent Per SQFT
- $4,900
- $1.09
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182026
Last Updated: 01/16/2021
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.
