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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $166.03
- 4 Days on Market
- MLS # : 6175873
- Updated Date : 01/02/2021 at 21:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,102 sqft
- Baths : 2 full , 1 half
Listing Agent
Haiduk Realty Experience
Listing Agent's Description
Gorgeous 3 bedroom 2.5 bath home in Power Ranch! Fresh interior paint, carpet, vinyl plank flooring, and did we mention new granite? This home is ready for your family! The main floor living area is spacious and plenty of room to hang out. The second level is home to the master suite and and two generous sized bedrooms. The third floor is where you will find a huge bonus room perfect for working from home, kids playroom or gaming room or even an adult playroom with plenty of room for a pool table or ping pong. The home has only one neighbor and is a short walk to the neighborhood playground and basketball hoop. Schedule your showing today!
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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 | $1,660 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$240 | |
| Property Insurance | -$60 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$69
|
||
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.
$349,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.48%
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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
4.33
YEARS SAVED
$17,329
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,655
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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3917 S Rim Road Gilbert, AZ 5
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3884 E Santa Fe Lane Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2007
LEASED 06/01/20- Rent
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- $1,500
- $0.95
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3920 S Rim Road S Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,575
- $1.01
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3924 S Rim Road Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,684 Sqft ∙ Built 2007
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,600
- $0.95
-
3922 S Rim Road Gilbert, AZ 4
- 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 2007
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
PROPERTY LISTING DETAILS
Haiduk Realty Experience
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175873
Last Updated: 01/02/2021
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.
