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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $219.68
- 3 Days on Market
- MLS # : 6165990
- Updated Date : 12/04/2020 at 11:59
CONSTRUCTION
- Beds : 5
- Floor Size : 3,095 sqft
- Baths : 3 full
Listing Agent
Re/max Excalibur
Listing Agent's Description
Beautiful 5 bedroom 3 bathroom, 3095 SF home in the exclusive Gilbert community of Marbella Vineyards! This home checks all of your move in ready boxes! Your open concept family room/kitchen is updated with modern touches, stainless steel appliances, large kitchen island, granite countertops, and wood look tile flooring. Large master bedroom with spa like master bathroom featuring dual sinks and huge walk in shower. 3 spacious bedrooms are split from the master bedroom and you have will have plenty of space for a home office or gym. Resort style backyard with lush landscaping, easy maintenance turf, and sparkling blue pool with mountain views. Marbella Vineyards is a family friendly community with nice parks and playgrounds. Hurry, special homes like these do not last long!
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PRICE & RENT TRENDS
Neighborhood: Marbella Vineyards
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marbella Vineyards
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$2,509 |
| Property Tax | -$475 | |
| Property Insurance | -$87 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$793
|
||
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.
$679,900
PROJECTED PRICE
$2,400
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$185,924
LOAN DETAILS
$2,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $169,975 |
| Loan Amount | $509,925 |
0.42
YEARS SAVED
$1,189
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,538
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5739 S Fawn Avenue Gilbert, AZ 1
- 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,400
- $0.78
-
3541 E Eleana Lane Gilbert, AZ 2
- 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,595
- $0.77
-
3296 E Tonto Court Gilbert, AZ 3
- 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
-
3386 E Tiffany Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,972 Sqft ∙ Built 2015
LEASED 08/23/19- Rent
- Rent Per SQFT
- $2,724
- $0.92
-
3518 E Eleana Lane Gilbert, AZ 5
- 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,750
- $0.81
PROPERTY LISTING DETAILS
Re/max Excalibur
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165990
Last Updated: 12/04/2020
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.
