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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $209.51
- 3 Days on Market
- MLS # : 6187215
- Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,124 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
This home sits on a premier corner lot on a cul de sac with all new exterior paint! Featuring 3 bedrooms plus a den and 2.5 bathrooms, this single story home is well cared for and move in ready! With a great open floor plan, the kitchen shows off a large island, plenty of cabinets and countertop space. The master bedroom is spacious with a large master bathroom. The master bath has a separate tub and shower and large walk in closet. This home also features a split floor plan with the additional bedrooms on the opposite side of the house with a bathroom in between. This home has upgraded insulation throughout. The AC was replaced in July 2019. The backyard is large with plenty of grass and with lemon and tangelo fruit trees. The yard also has an all new drip system!
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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 | $1,850 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$306 | |
| Property Insurance | -$69 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
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.
$445,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.42%
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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.08
YEARS SAVED
$10,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,975
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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4367 E Lantern Court Gilbert, AZ 3
- 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
4544 S Maverick Court Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
LEASED 07/18/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
4027 E Marshall Avenue Gilbert, AZ 2
- 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,825
- $0.88
-
3962 E Ironhorse Road Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2002
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,000
- $0.94
-
4292 E Marshall Avenue Gilbert, AZ 5
- 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2002
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187215
Last Updated: 02/12/2021
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.
