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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $218.52
- 3 Days on Market
- MLS # : 6157401
- Updated Date : 11/06/2020 at 22:07
CONSTRUCTION
- Beds : 4
- Floor Size : 1,922 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Come see this fabulous two story home!! Quiet cul-de-sac- marvelous neighborhood! Enter home to be greeted by a formal living & dining room with vaulted ceilings. Continue into the cozy family room which overlooks the kitchen. Immaculate kitchen offers custom cabinets, stainless steel appliances, granite counters, and pantry. Upstairs you will find the spacious bedrooms. The main bedroom includes walk-in closet and beautiful bath with separate tub/shower & double sinks. One of the guest bedrooms has sliding doors that opens to a gorgeous balcony! Enchanting backyard features shady trees, covered patio, and large dirt area perfect to plant green grass. Brand new AC under warranty! This wonderful property definitely won't last long! You won't want to miss this!!
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PRICE & RENT TRENDS
Neighborhood: El Dorado at the Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Dorado at the Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$249 | |
| Property Insurance | -$65 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$228
|
||
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.
$420,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
2.83
YEARS SAVED
$11,031
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,951
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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3970 E Pinon Court Gilbert, AZ 1
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- $0
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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
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,825
- $0.93
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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
-
937 N Owl Circle Gilbert, AZ 4
- 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988
LEASED 09/26/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
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3830 E Kroll Drive Gilbert, AZ 5
- 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,295
- $1.14
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157401
Last Updated: 11/06/2020
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.
