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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $204.79
- 2 Days on Market
- MLS # : 6176441
- Updated Date : 01/02/2021 at 22:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,441 sqft
- Baths : 3 full
Listing Agent
Desert 2 Mountain Realty
Listing Agent's Description
THIS BEAUTIFUL TURN KEY HOME UPGRADED HOME IN VAL VISTA LAKES. THIS AMAZING HOME FEATURES FORMAL LIVING AND DINING ROOM WITH VAULTED CEILINGS..FAMILY ROOM WITH OPEN KITCHEN, BREAKFAST NOOK, KITCHEN ISLAND, PANTRY, UPGRADED BATHROOMS, AN ENTERTAINERS PARIDISE BACKYARD, BEAUTIFUL POOL WITH WATERFALL, BUILT IN BBQ, MANY FIRE BOWLS, CUSTOM BEEHIVE TIKI HEAD FIREPLACE, PAPALAS, MIST SYSTEM, CUSTOM MERMAID FOUNTAIN WATER FEATURE, COVERED PATIOS, DOG RUN WITH SYNTHETIC GRASS, CITRUS TREES, FAMILY ROOM WITH SCREEN AND PROJECTOR, WIRED FOR SURROUND SOUND, FIREPLACE, 18'' TILE, LARGE MASTER BEDROOM WITH BALCONY LOOKING OUT TOWARD THE SUPERSITION MOUNTAINS...THIS IS AN AMAZAING HOME IS ARIZONA LIVING AT ITS BEST...MUST SEE BEFORE IT IS GONE....
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PRICE & RENT TRENDS
Neighborhood: Runaway Bay
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Runaway Bay
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$294 | |
| Property Insurance | -$75 | |
| HOA | -$98 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$80
|
||
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.
$499,900
PROJECTED PRICE
$2,490
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
6.25
YEARS SAVED
$41,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,484
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
925 N Jamaica Way Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,490
- $1.02
-
1256 N Banning Street Gilbert, AZ 1
- 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1997
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.96
-
2174 E New Bedford Drive Gilbert, AZ 3
- 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1988
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
-
1156 N Fiji Way Gilbert, AZ 4
- 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,538 Sqft ∙ Built 1991
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,595
- $1.02
-
2066 E La Salle Way Gilbert, AZ 5
- 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 1993
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,650
- $1.10
PROPERTY LISTING DETAILS
Desert 2 Mountain Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176441
Last Updated: 01/02/2021
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.
