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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $202.34
- 5 Days on Market
- MLS # : 6192364
- Updated Date : 02/10/2021 at 19:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,754 sqft
- Baths : 2 full , 1 half
Listing Agent
Infinity Wealth Real Estate
Listing Agent's Description
Welcome to the highly desirable neighborhood of Stonecreek in the heart of Gilbert near Freestone park. This 3 bedroom, 2.5 bath, move-in ready home has endless tile, cathedral ceilings & spacious rooms. Light, bright & smiling w/upgrades!With both a Living room & Family room, this home has space for everyone. Newly updated kitchen w/granite countertops, stainless under-mount sink, breakfast bar & walk-in pantry.Downstairs laundry room keeps the noise away & leads to garage w/ample storage & epoxy floors. Wide staircase guides you to the upstairs where bedrooms 2 & 3 havewalk-in closets. The Master bath has double sinks & a walk-in closet. The backyard has mature citrus trees. Fantastic location close to walking/biking paths &community pool! Refrigerator, washer & dryer included.
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PRICE & RENT TRENDS
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$209 | |
| Property Insurance | -$61 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$163
|
||
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.
$354,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$99,799
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
7.58
YEARS SAVED
$34,496
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,807
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
430 N Granite Street Gilbert, AZ 1
- 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1513 E Commerce Avenue Gilbert, AZ 2
- 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 1987
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.95
-
1419 E Redfield Road Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1990
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.97
-
1220 E Laurel Avenue Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987
![property image]()
LEASED 01/26/21- Rent
- Rent Per SQFT
- $1,875
- $1.10
-
658 N Quartz Street Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1990
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,100
- $1.10
PROPERTY LISTING DETAILS
Infinity Wealth Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192364
Last Updated: 02/10/2021
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.
