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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $191.55
- 2 Days on Market
- MLS # : 6173111
- Updated Date : 12/19/2020 at 17:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,166 sqft
- Baths : 3 full , 1 half
Listing Agent
Premier Real Estate Opportunities
Listing Agent's Description
GET READY TO FALL IN LOVE WITH THE NEIGHBORHOD, AND THE HOME! HOME COMES WITH A CASITA (BED & BATH) & PRIVATE ENTRANCE - ENDLESS POSSIBILITIES LIKE GUIEST SUITE, IN-LAW, TEEN, OFFICE, SMALL BUSINESS, ETC. GORGEOUS HOME WITH TWO-TONE PAINT, ENGINEERED WOOD FLOORING, & UPGRADES GALORE. GOURMET KITCHEN WITH 42'' WHITE CABS, GRANITE TOPS, STAINLESS STEEL APPLIANCES, DBL OVENS & PENDANT LIGHTS. SPLIT FLOORPLAN W/ SECONDARY BEDROOMS & LOFT OPPOSITE THE LUXURIOUS MASTER SUITE. TOP ENERGY EFFICIENCY WITH ENERGY STAR RATING, CEILING FANS. ''GLASS WALL'' SHOWCASES THE PRIVATE BACKYARD W/ PAVERS & SHRUBS. COMMUNITY FEATURES INCLUDE AQUATIC CENTER, BASKETBALL AND PICKLE BALL COURTS, PARKS, & GREENBELTS. DON'T MISS THIS INCREDIBLE HOME! CLOSE TO SHOPPING, FREEWAY & SCHOOLS.
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$283 | |
| Property Insurance | -$69 | |
| HOA | -$134 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$156
|
||
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.
$414,900
PROJECTED PRICE
$1,960
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$115,699
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,725 |
| Loan Amount | $311,175 |
3.42
YEARS SAVED
$13,912
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,004
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3647 E Perkinsville Street Gilbert, AZ 2
- 4 beds 4 baths ∙ 2,166 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,166 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,960
- $0.90
-
2300 S Nancy Lane Gilbert, AZ 1
- 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2019
LEASED 01/05/20- Rent
- Rent Per SQFT
- $1,945
- $0.91
-
2238 S Annie Lane Gilbert, AZ 3
- 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2016
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,985
- $0.93
-
2131 S Ponderosa Drive Gilbert, AZ 4
- 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2010
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.85
-
3661 E Stiles Lane Gilbert, AZ 5
- 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,129 Sqft ∙ Built 2019
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,150
- $1.01
PROPERTY LISTING DETAILS
Premier Real Estate Opportunities
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173111
Last Updated: 12/19/2020
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.
