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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $181.03
- 2 Days on Market
- MLS # : 6159342
- Updated Date : 11/13/2020 at 22:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,900 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Gorgeous home in Layton Lakes! 4 Bed, 2.5 Bath, North/South Facing home that borders common area with view Fencing! Built in 2018, this beautiful home has wood like tile throughout main living area, Formal Dining, half bath on main level and Open Great room Kitchen area. Kitchen comes equipped with White Cabinetry, Gas range, built in microwave, and walk in Pantry. Granite countertops and large Granite Island. Large loft upstairs, Master suite with large Walk in Tile shower, dual sinks and large walk in closet. Upstairs Guest bath has dual sinks, granite countertops and private toilet/shower room. Backyard is beautifully landscaped with pavers and artificial grass. Plumbed for gas BBQ. This one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$374 | |
| Property Insurance | -$84 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$525,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
2.75
YEARS SAVED
$13,623
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,726
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3872 E Desert Broom Drive Chandler, AZ 1
- 4 beds 2 baths ∙ 2,900 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,900 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,250
- $0.78
-
837 E Wimpole Avenue Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2012
LEASED 06/06/20- Rent
- Rent Per SQFT
- $2,349
- $0.87
-
3499 E Desert Broom Drive Chandler, AZ 3
- 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2017
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,795
- $0.94
-
1131 E Bajor Street Gilbert, AZ 4
- 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,850
- $0.97
-
3521 E Desert Broom Drive Chandler, AZ 5
- 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,952 Sqft ∙ Built 2016
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,895
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159342
Last Updated: 11/13/2020
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.
