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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $209.11
- 2 Days on Market
- MLS # : 6181720
- Updated Date : 01/16/2021 at 21:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,941 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Solutions
Listing Agent's Description
A must see 3 bed + den, 2.5 bath home in the desirable Bridges Community! Beautiful interior offers many custom upgrades. Open floor plan featuring a sliding wall of glass out to patio, real brick accent walls, formal dining room, plantation shutters, crown molding, custom trim work, an abundance of natural light, and much more. The den could easily be converted into the 4th bedroom! Open concept kitchen includes SS appliances, walk-in pantry, coffee bar, large island with breakfast bar & pendant lighting, plethora of cabinets, and granite counters. You'll love the master bedroom featuring a lavish bath with soaking tub, his & her sinks, glass enclosure shower, and a custom walk-in closet. The guest bedrooms
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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 | $2,550 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$411 | |
| Property Insurance | -$84 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
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.
$615,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.41%
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
$168,725
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
3.5
YEARS SAVED
$18,398
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,787
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
3661 E Narrowleaf Drive Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,550
- $0.87
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2559 E Penedes Drive Gilbert, AZ 2
- 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2012
LEASED 07/19/19- Rent
- Rent Per SQFT
- $2,620
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3567 E Chestnut Lane Gilbert, AZ 3
- 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
-
3386 E Tiffany Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
LEASED 08/23/19- Rent
- Rent Per SQFT
- $2,724
- $0.92
-
3522 E Tiffany Way Gilbert, AZ 5
- 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2016
LEASED 04/14/20- Rent
- Rent Per SQFT
- $3,200
- $1.03
PROPERTY LISTING DETAILS
Re/max Solutions
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181720
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.
