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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $191.46
- 7 Days on Market
- MLS # : 6160997
- Updated Date : 11/20/2020 at 13:11
CONSTRUCTION
- Beds : 3
- Floor Size : 2,167 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Stunning 3BR/2BA+DEN home in Ray Ranch! Nearly 2,200 SF welcomes upgrades galore! The eat-in kitchen is a culinary dream with granite countertops, walk-in pantry, center island & TONS of storage. Relax in the spacious family room with wet bar or getaway to the master suite with dual sinks, separate shower/tub, & walk-in closet. Entertain in the low maintenance backyard feat. sparkling pool & built-in bar with hookup for a built-in BBQ. SUPERIOR LOCATION! Less than 5 minutes to the Loop 202 FWY, shopping, dining and less than 10 minutes to San Tan Village Mall! This home is a must see!
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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 | $1,960 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$287 | |
| Property Insurance | -$69 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
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) | 5.7% |
| 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
$115,699
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,725 |
| Loan Amount | $311,175 |
4.17
YEARS SAVED
$19,140
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
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
3758 E Sheffield Road Gilbert, AZ
- 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,960
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160997
Last Updated: 11/20/2020
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.
