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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $212.72
- 5 Days on Market
- MLS # : 6198401
- Updated Date : 02/28/2021 at 15:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,162 sqft
- Baths : 2 full
Listing Agent
Home Centric Real Estate, Llc
Listing Agent's Description
Great family home located in ''The Vineyards'' of Power Ranch on a quite cul de sac street near walking trails, school & parks!Fabulous opportunity for this single level 4 bedroom, 2 bathroom home + den/office w/double doors! Features include NEW Exterior paint, engineered wood floors & tile in all walk ways, kitchen w/Corian counters, white Whirlpool appliances, refrigerator included, lots of built in cabinets, pantry, eat in breakfast area. Spacious Master Suite includes separate tub & shower, double sinks & walk in closet. Security screen door, formal dining room, open great room w/book case niches. You'll love the huge backyard (plenty of room for a pool & more) covered patio. Desirable 3 car garage with side door to side yard, key less entry & soft water system! Make it Yours!
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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 | $1,870 |
| EXPENSES | Loan Payment | -$1,597 |
| Property Tax | -$316 | |
| Property Insurance | -$69 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$239
|
||
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.
$459,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.41%
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
$127,624
LOAN DETAILS
$1,597
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
2.5
YEARS SAVED
$9,224
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,097
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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4275 S Snowcap Court Gilbert, AZ 1
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- Rent
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- $1,870
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4172 E Santa Fe Lane Gilbert, AZ 2
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LEASED 02/24/21- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
3883 E Santa Fe Lane Gilbert, AZ 3
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LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
4321 S Splendor Court Gilbert, AZ 4
- 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2001
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LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,100
- $1.02
-
4292 E Marshall Avenue Gilbert, AZ 5
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.97
PROPERTY LISTING DETAILS
Home Centric Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198401
Last Updated: 02/28/2021
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.
