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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $211.72
- 3 Days on Market
- MLS # : 6181648
- Updated Date : 01/15/2021 at 21:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,724 sqft
- Baths : 2 full , 1 half
Listing Agent
United Brokers Group
Listing Agent's Description
Colorful and airy home in highly popular Power Ranch community! This property has an amazing naturist backyard, loaded with beautiful trees and flowering plants all nestled around a calming pool & water feature! This lovely home boasts an upgraded floor plan with a full laundry room upstairs! The spacious main level has tile floors throughout, a cozy double-sided fireplace, as well as awesome built-in cabinets in garage! In 2017, the HVAC was replaced, the home's exterior fully painted and new bathroom faucets and toilets were installed. And as a bonus, this home is wonderfully located on a cul-de-sac with a great park nearby!
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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 | $1,700 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$251 | |
| Property Insurance | -$61 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$7
|
||
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.
$365,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.17
YEARS SAVED
$19,568
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,702
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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4102 E Rustler Way Gilbert, AZ 1
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LEASED 05/22/20- Rent
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- $1,500
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- $1,700
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4008 E Ironhorse Road Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 2002
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
4377 S Rim Court Gilbert, AZ 5
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LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,785
- $1.04
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181648
Last Updated: 01/15/2021
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.
