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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $154.80
- 6 Days on Market
- MLS # : 6166172
- Updated Date : 12/02/2020 at 17:16
CONSTRUCTION
- Beds : 5
- Floor Size : 3,456 sqft
- Baths : 4 full
Listing Agent
Homesmart
Listing Agent's Description
***NOT available to show until the Open House on December 6, 2020 from 11am - 2pm****Welcome to the highly desirable community, The Bridges!! This open concept design with beautiful finishes will be perfect for entertaining. The kitchen features staggered and extended cabinets and beautifully unique granite countertops. The master suite features an extended dual vanity area and large walk in closet. All of the rooms have large windows that fill the space with natural light. This home is within walking distance to a neighborhood park and elementary school. The Bridges is just across the street from the new Gilbert Regional Park that is 25 acres of family fun and entertainment with splash pads, sports courts and playgrounds to name a few of the amenities. This home is a must see!!!
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PRICE & RENT TRENDS
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridges at Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,974 |
| Property Tax | -$346 | |
| Property Insurance | -$95 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$154
|
||
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.
$535,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 12.4% |
| 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
$147,525
LOAN DETAILS
$1,974
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
3.75
YEARS SAVED
$22,219
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,635
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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- $2,495
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LEASED 08/28/19- Rent
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- $2,650
- $0.74
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3723 E Latham Court Gilbert, AZ 4
- 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2002
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,695
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3690 E Alfalfa Drive Gilbert, AZ 5
- 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2015
LEASED 10/11/19- Rent
- Rent Per SQFT
- $3,150
- $0.91
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166172
Last Updated: 12/02/2020
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.
