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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $245.58
- 2 Days on Market
- MLS # : 6170716
- Updated Date : 12/12/2020 at 13:46
CONSTRUCTION
- Beds : 5
- Floor Size : 3,335 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Gorgeous custom home in the heart of Gilbert on a private 29,000+ lot. Totally remodeled, 3335 square foot, single level w/5 bedrooms and 3.5 baths offers a wonderful chef's kitchen featuring white cabinetry, gas cooktop, stainless appliances, granite, butcher block island, wine chiller and crisp subway tile backsplash. Find a Formal Living Room, Dining Room and Den w/stackstone gas fireplace and incredible view to the backyard. Primary Suite has separate exit and full bathroom w/soaking tub, large shower, dual vanities and large customized walk in closet. The backyard is like a resort w/a large covered patio, sparkling, heated, pebble tec pool w/extensive travertine decking and multiple seating areas. Sit under the pergola and enjoy the outdoor kitchen featuring a built in BBQ....
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PRICE & RENT TRENDS
Neighborhood: K-C Ranch Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: K-C Ranch Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,090 |
| EXPENSES | Loan Payment | -$3,022 |
| Property Tax | -$482 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$605
|
||
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.
$819,000
PROJECTED PRICE
$3,090
PROJECTED RENT
0.38%
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
$222,785
LOAN DETAILS
$3,022
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $204,750 |
| Loan Amount | $614,250 |
2.17
YEARS SAVED
$14,596
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,060
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
537 N Riata Street Gilbert, AZ 1
- 5 beds 4 baths ∙ 3,335 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,335 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
432 E Stonebridge Drive Gilbert, AZ 2
- 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1991
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,650
- $0.89
-
645 E Desert Lane Gilbert, AZ 3
- 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 1980
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,800
- $0.88
-
345 N Date Palm Drive Gilbert, AZ 4
- 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,541 Sqft ∙ Built 1999
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.79
-
541 E Leah Lane Gilbert, AZ 5
- 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 1987 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 1987
LEASED 03/28/20- Rent
- Rent Per SQFT
- $3,500
- $1.11
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170716
Last Updated: 12/12/2020
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.
