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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $190.62
- 4 Days on Market
- MLS # : 6199075
- Updated Date : 02/26/2021 at 20:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,229 sqft
- Baths : 3 full
Listing Agent
Long Realty Platinum Premier
Listing Agent's Description
This 4 BR 3 BA + den/office 2,229 sq ft home is in the heart of Gilbert. Owners have loved this home & it shows. Den/office is located on main floor. Upstairs you will find the spacious KIT that flows into the dining area & great room w/vaulted ceilings & stately FRPL. Great room has expansive windows that overlook backyard. MBR is lg w/walk-in closet & MBA has separate tub & shower & dual sinks. 2 additional BR's & hall BA complete the upstairs. Downstairs there is another huge living area w/projector screen & BR & BA perfect for guests. Lg laundry rm w/space for extra refrigerator. Backyard is very private, perfect for family gatherings & BBQs. Stone creek is so green w/mature trees, community pool, playground, tennis ct, basketball & near Freestone park. Rare find that won't last long!
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PRICE & RENT TRENDS
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$250 | |
| Property Insurance | -$71 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$156
|
||
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.
$424,900
PROJECTED PRICE
$2,070
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
7.33
YEARS SAVED
$38,519
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,274
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
514 N Cobblestone Street Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,070
- $0.93
-
1445 E Laurel Avenue Gilbert, AZ 1
- 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 1992
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,000
- $0.92
-
985 E Princeton Avenue Gilbert, AZ 3
- 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1995
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,195
- $1.06
-
1233 E Washington Avenue Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1998
LEASED 11/14/20- Rent
- Rent Per SQFT
- $2,199
- $1.07
-
1625 E Heather Avenue Gilbert, AZ 5
- 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,382 Sqft ∙ Built 1995
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,450
- $1.03
PROPERTY LISTING DETAILS
Long Realty Platinum Premier
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199075
Last Updated: 02/26/2021
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.
