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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $192.22
- 2 Days on Market
- MLS # : 6193854
- Updated Date : 02/13/2021 at 19:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,492 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
This home is a must see! It is nestled in the cozy community of Ray Ranch which is conveniently located near the developing Epicenter, Cosmo Dog Park, Agritopia, and San Tan Village! This is a prime opportunity to buy in the highly coveted Gilbert near developing attractions. The home has been completely renovated both inside and out! The kitchen showcases stunning cabinets, sparkling quartz, and an extended countertop! New flooring is featured throughout the entire home creating a neutral color palate fit for all styles. Fresh paint, baseboards, light fixtures, and recessed lighting brighten up each room you enter! This home is perfect for your family with 3 bedrooms, 2 1/2 bathrooms, a spacious loft, den, and large backyard! Act fast, this dream home will not last long!
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PRICE & RENT TRENDS
Neighborhood: Ray Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ray Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,664 |
| Property Tax | -$327 | |
| Property Insurance | -$76 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$436
|
||
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.
$479,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.7% |
| 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
$132,685
LOAN DETAILS
$1,664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
1.08
YEARS SAVED
$2,219
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,962
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
3748 E Sheffield Road Gilbert, AZ 1
- 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $0.72
-
965 S Wallrade Lane Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2012
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LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,895
- $0.75
-
1568 S Hawk Court Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2002
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
-
3335 E Sheffield Road Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,945
- $0.85
-
3388 E Jasper Drive Gilbert, AZ 5
- 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2006
![property image]()
LEASED 11/28/20- Rent
- Rent Per SQFT
- $2,000
- $0.80
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193854
Last Updated: 02/13/2021
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.
