Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $168.67
- 5 Days on Market
- MLS # : 6170133
- Updated Date : 12/29/2020 at 21:21
CONSTRUCTION
- Beds : 5
- Floor Size : 3,498 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Look no further! This huge home offers great curb appeal, cul-de-sac lot, RV gate, and easy care landscaping near the new Gilbert Regional Park! You will absolutely adore this welcoming interior with newer flooring and NEW neutral color palette. Enjoy the DOWNSTAIRS master suite that includes bay windows and a lavish en-suite bath. Den, gourmet kitchen and huge great room complete the downstairs. Up the grand staircase you will find 4 more large bedrooms, 2 more bathrooms and a roomy loft! Cooking in this delightful kitchen provides everything you need; high-end appliances, pantry, gleaming counter-tops, centered island with breakfast bar, and so much more. This amazing grassy backyard with covered patio is perfect for your gatherings. Truly a must see home!
SEE MORE
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 | $2,800 |
| EXPENSES | Loan Payment | -$2,177 |
| Property Tax | -$391 | |
| Property Insurance | -$95 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$4
|
||
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.
$590,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.47%
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
$162,100
LOAN DETAILS
$2,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,500 |
| Loan Amount | $442,500 |
5.42
YEARS SAVED
$40,584
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
-
$2,606
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
5208 S Seton Court Gilbert, AZ 1
- 5 beds 4 baths ∙ 3,498 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,498 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3560 E Coconino Way Gilbert, AZ 2
- 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,200
- $0.65
-
4458 S Inez Court Gilbert, AZ 3
- 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2003
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,650
- $0.74
-
3296 E Tonto Court Gilbert, AZ 4
- 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2007
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,650
- $0.78
-
2709 E Sourwood Drive Gilbert, AZ 5
- 5 beds 3 baths ∙ 3,444 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,444 Sqft ∙ Built 2008
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,795
- $0.81
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170133
Last Updated: 12/29/2020
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.
