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3625 E Cassia Lane 
Gilbert, AZ
85298
3 Beds 3 Baths 2,713 sqft
Built 2013
INVESTimate
$575,000
List Price
$158,125
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $211.94
- 2 Days on Market
- MLS # : 6122163
- Updated Date : 08/25/2020 at 14:12
CONSTRUCTION
- Beds : 3
- Floor Size : 2,713 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This is an elegant, contemporary former model home loaded with upgrades in the highly sought-after community of The Bridges in Gilbert.The gated courtyard with pavers, water feature and cafe lights provide an excellent additional outdoor living space. Notice the amazing stacked stone tile entry and mosaic tile inset floor as you enter the foyer. A generously sized den/flex room is adjacent to foyer with custom floating shelves.This open concept design is perfect for entertaining with a large gourmet kitchen that flows effortlessly into the spacious family room and dining room.Multi-slide arcadia doors in the main living space lead to the backyard oasis with a zen-like water feature. Custom decorator wall shelves nicely accent the large wall space in the great room for your momentos.
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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
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 | $2,280 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$384 | |
| Property Insurance | -$80 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$505
|
||
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.
$575,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 12.39% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
1.42
YEARS SAVED
$4,625
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
-
$2,435
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3625 E Cassia Lane Gilbert, 1
- 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3741 E Esplanade Avenue Gilbert, 2
- 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2002
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,050
- $0.75
-
5407 S Tatum Lane Gilbert, 3
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2013
LEASED 06/01/19- Rent
- Rent Per SQFT
- $2,250
- $0.91
-
3936 E Cassia Lane Gilbert, 4
- 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2015
LEASED 05/01/19- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
3567 E Chestnut Lane Gilbert, 5
- 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,713 Sqft ∙ Built 2014
LEASED 09/10/19- Rent
- Rent Per SQFT
- $2,650
- $0.98
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122163
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.
