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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $226.62
- 2 Days on Market
- MLS # : 6184839
- Updated Date : 01/23/2021 at 02:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,096 sqft
- Baths : 3 full
Listing Agent
Avenew Realty Inc
Listing Agent's Description
GILBERT IS HOT AND SO IS THIS HOME! Move in ready 4 bedroom 2 bathroom in great location! PRIVATE POOL and spacious yard are perfect for entertaining! Inside features formal dining/living and family/dining nook. Kitchen upgrades include granite countertops, SS appliances, upgraded light fixtures & under cabinet lighting. Upstairs features updated hall bath shared by 3 bedrooms . The owner's oasis updated with fully tiled shower, upgraded cabinets w/dual sinks and spacious walk in closet. DO NOT MISS OUT - HOUSES IN THIS AREA ARE NOT STAYING ON THE MARKET, THE TIME IS NOW!
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PRICE & RENT TRENDS
Neighborhood: Holliday Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Holliday Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$282 | |
| Property Insurance | -$68 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$281
|
||
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.
$475,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
2.42
YEARS SAVED
$8,232
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,928
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3891 E Vaughn Avenue Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3946 E Page Avenue Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1997
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
3917 E Stanford Avenue Gilbert, AZ 3
- 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
3636 E Bruce Avenue Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2001
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,995
- $0.94
-
3616 E Linda Lane Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2000
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,995
- $0.94
PROPERTY LISTING DETAILS
Avenew Realty Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184839
Last Updated: 01/23/2021
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.
