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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $194.21
- 3 Days on Market
- MLS # : 6165181
- Updated Date : 11/27/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,039 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Foothills
Listing Agent's Description
Gorgeous 2-story, 4 bedroom, 2.5 bathroom home in Gilbert's Carol Rae Ranch community! Kitchen features tons of cabinet space for storage, large kitchen island and white cabinets. Living area is complete with sliding glass door to beautiful backyard complete with private pool! Upstairs master features full attached bathroom with double sinks, soaking tub, and large walk-in closet! Brand new hot water heater, new front security door, and brand new built-in cabinets in the garage. This home is move-in ready! Don't miss out on this awesome home
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PRICE & RENT TRENDS
Neighborhood: Carol Rae Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carol Rae Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,461 |
| Property Tax | -$235 | |
| Property Insurance | -$67 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$6
|
||
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.
$396,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$110,690
LOAN DETAILS
$1,461
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,000 |
| Loan Amount | $297,000 |
5.42
YEARS SAVED
$27,091
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,866
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3932 E Stanford Avenue Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.92
-
3901 E San Pedro Avenue Gilbert, AZ 1
- 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1997
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
4208 E Stanford Avenue Gilbert, AZ 2
- 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1992
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,825
- $0.93
-
4125 E San Pedro Avenue Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992
![property image]()
LEASED 06/28/20- Rent
- Rent Per SQFT
- $1,849
- $0.86
-
3917 E Stanford Avenue Gilbert, AZ 5
- 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1996
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
PROPERTY LISTING DETAILS
Re/max Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165181
Last Updated: 11/27/2020
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.
