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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $222.76
- 3 Days on Market
- MLS # : 6187021
- Updated Date : 01/29/2021 at 23:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,683 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Absolutely gorgeous 3 bed 2.5 bath home for sale in Gilbert, AZ! Original owner has kept this home in like new condition. With over $24,000 in upgrades at build, this home shows like a model! Neutral colors throughout, popular ''wall of windows'' and open floorplan create a warm & welcoming feel the minute you enter! A beautiful kitchen features SS appliances, upgraded staggered cabinets and granite counters. Relax at the end of the day in a spacious master suite with custom mirrored barn door leading to the bathroom with tile surround shower, dual sinks and nice size walk in closet. Low maintenance back yard with custom paver patio, artificial turf and party lights for family and friends barbeque. Surround sound, soft water, epoxy garage floor are just a few bonuses to this amazing home!
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PRICE & RENT TRENDS
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$256 | |
| Property Insurance | -$60 | |
| HOA | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$242
|
||
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.
$374,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
1.83
YEARS SAVED
$4,387
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
-
$1,624
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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3727 E Hans Drive Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2014
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- Rent Per SQFT
- $0
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3849 E Jasper Drive Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2006
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.02
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1173 S Agnes Lane Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2007
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
3858 E Jasper Drive Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2005
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,685
- $0.93
-
3945 E Kent Avenue Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2005
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187021
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
