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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $249.09
- 1 Days on Market
- MLS # : 6262291
- Updated Date : 07/13/2021 at 14:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,208 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Beautiful Backyard with Play Pool low maintenance yard. Corner Lot, 3 car Tandem garage in Power Ranch. This property has it all.4 bedroom home with 3full bathrooms. Updated bathrooms with Travertine, New Fixtures, New Sinks and Cabinetry. 20'' tile and carpet in all the right places and custom Plantation Shutters. Kitchen boasts 42'' cabinets andgranite counters with lots of storage. Downstairs has a true bedroom and full bathroom. Master and 2 additional bedrooms upstairs. Surround sound pre-wired, pre-plumbed for gas and ROsystem. Property has Water Softener System. This home has been meticulously maintained. Power Ranch gives access tomany amenities including pools, splash pad, lakes with catch and release fishing, greenbelts/walking paths, playgrounds, sport courts and miles o
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PRICE & RENT TRENDS
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$378 | |
| Property Insurance | -$70 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$496
|
||
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.
$550,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.17
YEARS SAVED
$2,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,120
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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3802 S Vineyard Avenue Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2010
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- Rent
- Rent Per SQFT
- $1,990
- $0.90
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
3514 S Posse Trail Gilbert, AZ 3
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LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
4761 E Woodside Way Gilbert, AZ 4
- 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2007
![property image]()
LEASED 02/12/21- Rent
- Rent Per SQFT
- $2,045
- $0.99
-
3540 S Bandit Road Gilbert, AZ 5
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![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,095
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6262291
Last Updated: 07/13/2021
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.
