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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $248.96
- 3 Days on Market
- MLS # : 6208141
- Updated Date : 03/20/2021 at 17:26
CONSTRUCTION
- Beds : 4
- Floor Size : 3,595 sqft
- Baths : 3 full
Listing Agent
Az Real Estate Options, Llc
Listing Agent's Description
THIS IS IT!! ABSOLUTELY GORGEOUS 4 bed, 3 bath CUSTOM HOME IN THE HIGHLY DESIRABLE, GATED COMMUNITY OF THE GROVES AT SUPERSTITION RANCH!! Dressed to the 9's, this bright and spacious home boasts of large high windows flooding this home with beautiful, natural light, custom crown moldings and trim, high coffered ceilings, wood shutters, granite countertops, natural alder cabinets, stainless steel appliances, double ovens, gorgeous wood floors and all new ceiling fans and sconce lighting. A beautiful and spacious master suite opens to a luxurious master bathroom with separate vanities, jacuzzi tub, and his & hers closets! Step onto the back patio and into your personal vacation get-away with 10 amazing citrus trees, a perfectly wonderful pool and built in fireplace and built in BBQ!
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PRICE & RENT TRENDS
Neighborhood: Groves at Superstition Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Groves at Superstition Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,140 |
| EXPENSES | Loan Payment | -$3,109 |
| Property Tax | -$701 | |
| Property Insurance | -$97 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$881
|
||
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.
$895,000
PROJECTED PRICE
$3,140
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$242,925
LOAN DETAILS
$3,109
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $223,750 |
| Loan Amount | $671,250 |
0.67
YEARS SAVED
$2,455
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,140
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,481
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
4531 E Stanford Avenue Gilbert, AZ 3
- 4 beds 3 baths ∙ 3,595 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,595 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $3,140
- $0.87
-
2545 S Revolta -- Mesa, AZ 1
- 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,372 Sqft ∙ Built 1996
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,295
- $0.68
-
4632 E Harwell Street Gilbert, AZ 2
- 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,275 Sqft ∙ Built 1994
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $2,300
- $0.70
PROPERTY LISTING DETAILS
Az Real Estate Options, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6208141
Last Updated: 03/20/2021
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.
