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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $220.32
- 4 Days on Market
- MLS # : 6174293
- Updated Date : 12/26/2020 at 11:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,042 sqft
- Baths : 2 full
Listing Agent
Conway Real Estate
Listing Agent's Description
Fantastic 4 bedroom, 2 bath home in the heart of Gilbert. Private backyard with no surrounding 2 story homes. Beautiful custom salt water pebble tech pool oasis that is perfect for friends and family gatherings. Cozy gas firepit in backyard as well. Pull out cabinet organizers in kitchen, including a built in pull out trash/recycle bin. New paint inside of home. A/C unit is less than a year old. New pentair pool pump and color changing light installed 2020. Titan security door installed 2020. Garage has a service door leading outside as well. New light fixtures inside and outside. Close to schools, freeways and shopping. Schedule a showing before its gone! Professional photos will be added on 12/26/2020
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PRICE & RENT TRENDS
Neighborhood: Highland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$267 | |
| Property Insurance | -$67 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$373
|
||
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.
$449,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.40%
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
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
1.67
YEARS SAVED
$5,756
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,777
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
4553 E Olney Avenue Gilbert, AZ 2
- 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,780
- $0.87
-
4734 E Olney Avenue Gilbert, AZ 1
- 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2005
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.83
-
554 N Citrus Lane Gilbert, AZ 3
- 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2006
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,824
- $0.95
-
4357 E Vaughn Avenue Gilbert, AZ 4
- 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.86
-
4378 E Foundation Street Gilbert, AZ 5
- 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2006
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.84
PROPERTY LISTING DETAILS
Conway Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174293
Last Updated: 12/26/2020
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.
