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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $156.51
- 3 Days on Market
- MLS # : 6187294
- Updated Date : 01/29/2021 at 17:19
CONSTRUCTION
- Beds : 5
- Floor Size : 3,610 sqft
- Baths : 3 full , 1 half
Listing Agent
Maclay Real Estate
Listing Agent's Description
investor buyers only - this house is currently lease for $2750per month and leased til aug 31, 2021 to excellent tenants.. Absolutely Beautiful Two Story Home Located in The Award Winning Community of Power Ranch. This Home Features a Grand Entry with High Vaulted Ceilings, Beautiful Kitchen Open to Family Room with Stone Fireplace. 5 Bedrms, PLUS Den/Office PLUS Loft! 2 Jack & Jill Baths upstairs. Walkout Balcony upstairs with Mountain & Golf Course VIEWS. Backyard Boasts a Large Covered Patio, Grass and Desert landscaping. Winning Community with Walking/Biking Trails, 2 Lakes, 2 pools, 2 Clubhouses, Tennis, Basketball, Sand Volleyball Courts, Tot-Lots throughout Neighborhoods.
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PRICE & RENT TRENDS
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Power Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,962 |
| Property Tax | -$388 | |
| Property Insurance | -$98 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$126
|
||
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.
$565,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$155,475
LOAN DETAILS
$1,962
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $141,250 |
| Loan Amount | $423,750 |
4.08
YEARS SAVED
$21,422
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,599
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
4251 E Carriage Way Gilbert, AZ 1
- 5 beds 4 baths ∙ 3,610 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,610 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,450
- $0.68
-
4458 S Inez Court Gilbert, AZ 2
- 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,650
- $0.74
-
3723 E Latham Court Gilbert, AZ 3
- 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,695
- $0.71
-
18560 E Strawberry Drive Queen Creek, AZ 4
- 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,699
- $0.71
-
18546 E Sawgrass Trail Queen Creek, AZ 5
- 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,700
- $0.72
PROPERTY LISTING DETAILS
Maclay Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187294
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
