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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $183.72
- 2 Days on Market
- MLS # : 6176421
- Updated Date : 01/02/2021 at 20:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,531 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Gorgeous, open, single level home in the up and coming city of Gilbert. This home has been beautifully maintained by it's original owners. Roof fully replaced in 2017, A/C units replaced in 2011 & 2013 & are York units. The kitchen was remodeled in 2015 and the master bath and shower were remodeled in 2019. Fantastic lush ash trees in the backyard with large spacious pergola for a covered entertainment area just along side your crystal clear blue pool and spa combo. Got toys? This home offers a large 3 car garage for your daily drivers and some extras. Home was just professionally cleaned throughout along with the carpets being shampooed. Impress your best buyers by showing this gem today!
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PRICE & RENT TRENDS
Neighborhood: Highland Ranch at Superstition Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Ranch at Superstition Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$276 | |
| Property Insurance | -$77 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$465,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
3.67
YEARS SAVED
$18,791
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,075
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4483 E Olive Avenue Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,060
- $0.81
-
542 N Citrus Lane Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2006
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,950
- $0.85
-
4435 E Campbell Court Gilbert, AZ 2
- 4 beds 2 baths ∙ 2,675 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,675 Sqft ∙ Built 1997
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.75
-
3850 E Redfield Court Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1998
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,000
- $0.80
-
7051 E Onza Avenue Mesa, AZ 5
- 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,265
- $0.88
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176421
Last Updated: 01/02/2021
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.
