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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $212.38
- 3 Days on Market
- MLS # : 6185380
- Updated Date : 01/29/2021 at 23:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,648 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Appealing home nestled in attractive tree lined community of Lowe Estates. Beautiful brick home surrounded by tall mature trees. Convenient garage access through the alley way. Tall Cathedral Ceilings and lots of angles made this home very open and inviting. HOA maintained and manicured grass in front yard. Lots of room to play in the grass back yard and trees. During the hot summer days cool off in the community pool.
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PRICE & RENT TRENDS
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gilbert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$206 | |
| Property Insurance | -$59 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$8
|
||
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.
$349,999
PROJECTED PRICE
$1,690
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.0% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,499 |
5.33
YEARS SAVED
$19,422
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
-
$1,862
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
820 E Lexington Avenue Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1108 E Harbor View Drive Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1992
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
-
1362 E Cullumber Street Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1995
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,675
- $1.16
-
143 N Nielson Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1989
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.14
-
1249 E Artesian Way Gilbert, AZ 5
- 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1989
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,100
- $1.17
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185380
Last Updated: 01/29/2021
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.
