Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $211.56
- 2 Days on Market
- MLS # : 6160418
- Updated Date : 11/14/2020 at 18:31
CONSTRUCTION
- Beds : 4
- Floor Size : 3,072 sqft
- Baths : 3 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Gorgeous single story, 4 bedroom plus den, 3 bath, 3 car garage home for sale on 9000+ square ft. corner lot across from community park at Morrison Ranch in Gilbert, AZ! Home features over $80,000 in upgrades! Manicured landscaping, cozy front porch and stone accent elevation creates beautiful curb appeal! Step inside to the bright, spacious split floorplan with neutral colors for any decor, elegant coffered ceilings in entry and living room, plantation shutters and wood plank tile throughout except carpeted bedrooms. The spacious island kitchen is any chef's dream with plenty of staggered cabinets, quartz counters, large walk in pantry, butler's pantry, beautiful pendants above oversized breakfast bar and stainless steel appliances, including double ovens. Relax at the end of
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 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 | -$2,398 |
| Property Tax | -$402 | |
| Property Insurance | -$87 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$734
|
||
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.
$649,900
PROJECTED PRICE
$2,290
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$177,974
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,475 |
| Loan Amount | $487,425 |
0.58
YEARS SAVED
$1,609
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 -
$0.75
LIST RENT PER SQFT
-
$2,327
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4215 E Comstock Drive Gilbert, AZ 4
- 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,072 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,290
- $0.75
-
761 N Pheasant Drive Gilbert, AZ 1
- 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.72
-
4108 E Breckenridge Way Gilbert, AZ 2
- 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,753 Sqft ∙ Built 1998
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,125
- $0.77
-
4131 E Cullumber Court Gilbert, AZ 3
- 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,200
- $0.80
-
3916 E Marlene Drive Gilbert, AZ 5
- 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2009
LEASED 02/20/20- Rent
- Rent Per SQFT
- $2,295
- $0.74
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160418
Last Updated: 11/14/2020
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.
