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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $162.02
- 4 Days on Market
- MLS # : 6175783
- Updated Date : 12/31/2020 at 23:29
CONSTRUCTION
- Beds : 5
- Floor Size : 3,549 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
THIS is the one you've waited for! GORGEOUS complete remodel in late 2018 with ALL NEW kitchen, baths, flooring, fixtures, paint inside/out & pool pump! Both AC units, shutters, pool fence, alarm, soft water, R/O, garage doors & openers all new in 2019. And what a floorplan! Five HUGE bedrooms, 3.5 baths, PLUS den, PLUS a gigantic loft/game room. Look at these room sizes! Plenty of space for everyone to spread out. Master and den (which could be a dining room with doors) are downstairs. Bedroom 2 has private bath. Beautiful backyard with fenced pebble-sheen pool, grassy play area, shed/playhouse, wide side yards & RV gate. Located on a cul-de-sac street, 3 houses from tot lot & 2 blocks from A-rated elementary school. Backs to quiet, dead-end street of acre-plus homes. A HONEY OF A HOME!
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PRICE & RENT TRENDS
Neighborhood: Highland Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$341 | |
| Property Insurance | -$96 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$179
|
||
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.
$575,000
PROJECTED PRICE
$2,860
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 0.5% |
| 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
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
7.17
YEARS SAVED
$58,927
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,508
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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3808 E Leah Court Gilbert, AZ 1
- 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1998
- Rent
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- $0
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2545 S Revolta -- Mesa, AZ 2
- 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,295
- $0.68
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4632 E Harwell Street Gilbert, AZ 3
- 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994
LEASED 12/16/19- Rent
- Rent Per SQFT
- $2,300
- $0.70
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3525 E Gary Way Gilbert, AZ 4
- 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,367 Sqft ∙ Built 2007
LEASED 12/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.74
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175783
Last Updated: 12/31/2020
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.
