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 1998
- Price/Sqft : $200.42
- 4 Days on Market
- MLS # : 6177621
- Updated Date : 01/14/2021 at 15:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,594 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Beautiful, private end lot single story home with split floor plan and north facing backyard. Large covered patio overlooking an oversized, in ground heated spa. Incredible opportunity to own this nearly 2600 sqft home with brand new carpet in living room and bedrooms. Kitchen has been recently remodeled with granite countertops and SS appliances. Brand new HVAC's! Additional bonus/game room with vinyl plank flooring. Additional side concrete driveway for parking or staging your RV complete with 30 Amp service. This beauty is 1 mile south of downtown Gilbert featuring tons of restaurants and shops.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown Millett Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$306 | |
| Property Insurance | -$78 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$97
|
||
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.
$519,900
PROJECTED PRICE
$2,210
PROJECTED RENT
0.43%
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
$143,524
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $129,975 |
| Loan Amount | $389,925 |
4.33
YEARS SAVED
$21,920
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,283
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
60 W Sheffield Avenue Gilbert, AZ 3
- 4 beds 2 baths ∙ 2,594 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,594 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,210
- $0.85
-
298 E Jasper Court Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 1998
LEASED 12/13/19- Rent
- Rent Per SQFT
- $2,150
- $0.88
-
353 W Dublin Street Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1998
LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
-
345 E Pinto Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1995
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,295
- $0.83
-
85 W Sheffield Avenue Gilbert, AZ 5
- 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 1998
LEASED 11/08/19- Rent
- Rent Per SQFT
- $2,350
- $0.99
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177621
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
