Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
3658 S Loback Lane 
Gilbert, AZ
85297
3 Beds 2 Baths 1,521 sqft
Built 2002
INVESTimate
$349,900
List Price
$98,474
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $230.05
- 2 Days on Market
- MLS # : 6122308
- Updated Date : 08/25/2020 at 11:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,521 sqft
- Baths : 2 full
Listing Agent
Farnsworth-ricks Management & Realty, Inc.
Listing Agent's Description
Public Remarks: Bright open floor plan. Huge great room open to lovely kitchen and spacious bayed breakfast nook. The owners suite has bay window, walk-in-closet and separate tub and shower. Tile in all the high traffic areas. Barnwood paneling in entertainment area in living room. Recessed LED lighting in the living room, owner's suite and back patio. rest of house is LED lighting. New ceiling fans, Stainless steel appliances, gas range, gas lines for dryer and bbq, 9' ceilings, 16 seer Trane A/C installed in 2018 R49 insulation in attic, RV gate with poured concrete entrance and slab on side of home. Exterior of house was painted in 2018.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: San Tan Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Tan Ranch
* 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 | $1,520 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$239 | |
| Property Insurance | -$57 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$206
|
||
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.
$349,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.58% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
2.5
YEARS SAVED
$7,936
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,517
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3658 S Loback Lane Gilbert, 3
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,520
- $1.00
-
3460 S Arroyo Lane Gilbert, 1
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
3830 S Joshua Tree Lane Gilbert, 2
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2002
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,500
- $0.98
-
3816 E Trigger Way Gilbert, 4
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2008
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,550
- $0.99
-
3479 E Red Oak Lane Gilbert, 5
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
PROPERTY LISTING DETAILS
Farnsworth-ricks Management & Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122308
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.
