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4223 E Milky Way 
Gilbert, AZ
85295
3 Beds 3 Baths 1,500 sqft
Built 2009
INVESTimate
$298,000
List Price
$84,720
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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $198.67
- 1 Days on Market
- MLS # : 6114977
- Updated Date : 08/25/2020 at 19:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,500 sqft
- Baths : 2 full , 1 half
Listing Agent
Ventana Fine Properties
Listing Agent's Description
Refreshed and updated 3 BR, 2.5 BA in The Willows. Cabinets painted linen, granite counters, stainless appliances. Tile on entire main floor. Epoxy garage coating and new carpet. The willows is a tree line street community with multiple community pool/spa areas and tons of open space.
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PRICE & RENT TRENDS
Neighborhood: Willows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,099 |
| Property Tax | -$203 | |
| Property Insurance | -$56 | |
| HOA | -$107 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$35
|
||
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.
$298,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.36% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,720
LOAN DETAILS
$1,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,500 |
| Loan Amount | $223,500 |
4.5
YEARS SAVED
$15,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,530
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
4223 E Milky Way Gilbert, 1
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4064 E Oakland Street Gilbert, 2
- 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2011
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,450
- $0.98
-
4035 E Oakland Street Gilbert, 3
- 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 2009
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,495
- $1.04
-
4116 E Tyson Street Gilbert, 4
- 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2008
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,500
- $1.02
-
4117 E Tulsa Street Gilbert, 5
- 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2011
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
PROPERTY LISTING DETAILS
Ventana Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6114977
Last Updated: 08/25/2020
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.
