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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $232.99
- 5 Days on Market
- MLS # : 6177461
- Updated Date : 01/06/2021 at 15:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,631 sqft
- Baths : 2 full
Listing Agent
Sterling Fine Properties
Listing Agent's Description
Newly updated home with private back yard surrounded by citrus trees and sporting an outdoor fireplace for year around enjoyment.ALSO RECENTLY UPDATED: ceiling lights in living room, dining and kitchen area / pavers on patio and around of the house / pool security gates / quartz counters in the kitchen AND tiling replacing carpeting.BEAUTIFUL FIRST CLASS NEIGHBORHOOD NEAR FANTASTIC SHOPPING AND MINUTES FROM FREEWAY.Just move in and enjoy life!
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PRICE & RENT TRENDS
Neighborhood: Kaufman and Broad at Cooper Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kaufman and Broad at Cooper Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$223 | |
| Property Insurance | -$59 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$217
|
||
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.
$380,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.8% |
| 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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
8.42
YEARS SAVED
$42,439
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,741
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
842 W Cooley Drive Gilbert, AZ 5
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $1.18
-
928 W Aspen Way Gilbert, AZ 1
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2004
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,450
- $0.99
-
921 N Kingston Street Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1995
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
514 W Desert Avenue W Gilbert, AZ 3
- 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1997
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
1206 N Charles Street Gilbert, AZ 4
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1994
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,795
- $1.18
PROPERTY LISTING DETAILS
Sterling Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177461
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
