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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $162.45
- 2 Days on Market
- MLS # : 6190749
- Updated Date : 02/06/2021 at 01:19
CONSTRUCTION
- Beds : 5
- Floor Size : 2,647 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
HUGE HOME! AWESOME LOCATION NEXT TO GREENBELT. NEUTRAL UPGRADED CARPETS, EXTENSIVE TILE FLOORS. 42'RAISED PANEL CABINETS,ISLAND,BAY WINDOW,SMOOTH TOP STOVE. MASTER WALKS OUT TO BALCONY. MASTER BATH HAS JACUZZI TUB,DOUBLE SINK,SEP TUB/SHW. LAUNDRY W/ CABINETS,GARAGE W/CABINETS. PROF. LANDSCAPED BKYD W/PLAY POOL AND WATER FEATURE. GREAT LOCATION. 1 MILE FROM US 60.
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PRICE & RENT TRENDS
Neighborhood: Stonehenge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonehenge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$253 | |
| Property Insurance | -$79 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$209
|
||
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.
$430,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$119,700
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
7.75
YEARS SAVED
$43,832
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
-
$2,290
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
709 W Hancock Avenue Gilbert, AZ 1
- 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
720 W Hancock Avenue Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
396 W Gary Avenue Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1997
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.87
-
1465 N Quail Lane Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,300
- $0.87
-
1406 N Saddle Street Gilbert, AZ 5
- 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,647 Sqft ∙ Built 1996
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,350
- $0.89
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190749
Last Updated: 02/06/2021
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.
