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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $174.01
- 3 Days on Market
- MLS # : 6178745
- Updated Date : 01/10/2021 at 03:50
CONSTRUCTION
- Beds : 5
- Floor Size : 3,390 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Location! Location! Spectacular Private,1/3 acre lot home on a CORNER, CUL DE SAC, in the heart of Gilbert. 5 bedrooms PLUS DEN, loft, and 3 full baths. Spacious and fully REMODELED throughout. Kitchen features white cabinets, granite countertops, double ovens, and w/in pantry. Split master bedroom with w/in closet and private ensuite featuring double sinks, new finishes, w/in tiled shower and stand alone double slipper tub. 5th bedroom and full bath on main floor perfect for a guest room and custom built den for home schooling and/or office. Enjoy the privacy of no neighbors to the east or south sides with one of the largest lots in the neighborhood. Lots of space to put in your dream pool. Home also features plantation shutters throughout, vaulted ceiling, ceiling fans, & newer ACs
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PRICE & RENT TRENDS
Neighborhood: Rancho Collene
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Collene
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,680 |
EXPENSES | Loan Payment | -$2,049 |
Property Tax | -$350 | |
Property Insurance | -$93 | |
HOA | -$22 | |
Property Management Fees | -$99 | |
CASH FLOW
$67
|
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.
$589,900
PROJECTED PRICE
$2,680
PROJECTED RENT
0.45%
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
$162,074
LOAN DETAILS
$2,049
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $147,475 |
Loan Amount | $442,425 |
5.83
YEARS SAVED
$39,298
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,680
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,424
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178745
Last Updated: 01/10/2021

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.