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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $209.85
- 3 Days on Market
- MLS # : 6176624
- Updated Date : 01/09/2021 at 23:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,696 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This well maintained home has had some wonderful updates with keeping with the Spanish style architecture. When entering the home you will be greeted with vaulted ceiling in the foyer. The double doors will welcome you to the den/office/guest room with its own climate control system. Entering the great room with its vaulted ceilings, soaring brick fire place and French doors that welcome you out into the oasis like back yard. The kitchen has ample space for the discerning chef along with a walk-in pantry. The owners suite with its coffered ceiling and French doors that urge you out to the cover patio for those wonderful Arizona evenings.
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PRICE & RENT TRENDS
Neighborhood: Breckenridge Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Breckenridge Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$209 | |
| Property Insurance | -$60 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$46
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$355,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$100,064
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,975 |
| Loan Amount | $266,925 |
6.17
YEARS SAVED
$25,023
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,891
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
381 E Pinon Way Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $1.02
-
476 N Alder Court Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2005
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.08
-
158 W Commerce Court #39 Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2004
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
230 E Tremaine Avenue Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1985
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
221 E Vaughn Avenue Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1993
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.18
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176624
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
