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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $172.12
- 3 Days on Market
- MLS # : 6162899
- Updated Date : 11/20/2020 at 15:25
CONSTRUCTION
- Beds : 5
- Floor Size : 2,905 sqft
- Baths : 3 full
Listing Agent
Launch Real Estate
Listing Agent's Description
Welcome to the Bridges! After you drive through the waterfall entrance, you'll enter into this highly sought after neighborhood with green spaces, miles of trails and paths, play areas, splash pads, and more! This energy efficient home, built by Lennar offers a resort style backyard complete with private pool and spa! Inside you'll find two large living areas and open kitchen, perfect for entertaining! Great floor plan with full bed and bath downstairs. Upstairs offers an oversized loft and large master retreat with upgraded bathroom and large walk in shower plus 3 additional bedrooms. All of this close to the neighborhood top rated elementary school, gilbert regional park, shopping and freeway access!
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PRICE & RENT TRENDS
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$334 | |
| Property Insurance | -$84 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$105
|
||
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.
$500,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 12.4% |
| 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
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
4.33
YEARS SAVED
$24,609
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,397
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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3956 E Narrowleaf Drive Gilbert, AZ 2
- 5 beds 3 baths ∙ 2,905 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,905 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,290
- $0.79
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4140 E Sidewinder Court Gilbert, AZ 1
- 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,744 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,225
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-
3789 E Fruitvale Avenue Gilbert, AZ 3
- 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 2003
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,350
- $0.77
-
4132 E Carriage Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,450
- $0.80
-
3386 E Tiffany Court Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
LEASED 08/23/19- Rent
- Rent Per SQFT
- $2,724
- $0.92
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162899
Last Updated: 11/20/2020
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.
