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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $177.16
- 4 Days on Market
- MLS # : 6179644
- Updated Date : 01/14/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,088 sqft
- Baths : 3 full , 1 half
Listing Agent
Anglin Properties Llc
Listing Agent's Description
Amazing home with personal touches waiting for you in the heart of south Gilbert. Minutes away from the 202, Phoenix-Mesa gateway airport, San Tan Village, great schools, & so much more. Tile flooring through all the main living & walking areas for an elegant look and easy clean up. The great room has a wall of glass, built in shelves and an electric fireplace that bring the room together. A cozy side yard with plenty of room to relax and pergola to provide that extra shade. The kitchen features a double oven and stainless steel appliances. The Master bedroom has a balcony, his and her closets and an office that makes it so you won't want to leave your room. This is a beautiful home that won't last long, so come see it today!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$255 | |
| Property Insurance | -$68 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$203
|
||
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.
$369,900
PROJECTED PRICE
$2,010
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.4% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
7.83
YEARS SAVED
$37,959
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,015
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
4253 E Pony Lane Gilbert, AZ 4
- 3 beds 4 baths ∙ 2,088 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,088 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,010
- $0.96
-
4220 E Erie Street Gilbert, AZ 1
- 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2015
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,780
- $0.88
-
4337 E Erie Street Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 2017
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,895
- $0.98
-
4135 E Erie Street Gilbert, AZ 3
- 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 2016
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
4379 E Pony Lane Gilbert, AZ 5
- 3 beds 4 baths ∙ 2,029 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,029 Sqft ∙ Built 2016
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,050
- $1.01
PROPERTY LISTING DETAILS
Anglin Properties Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179644
Last Updated: 01/14/2021
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.
