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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $175.81
- 4 Days on Market
- MLS # : 6170898
- Updated Date : 12/17/2020 at 02:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,389 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Great Oportunity to own this Beautiful Home, 4 Bedrooms 3 full baths, Den Office, perfert to work from home in a great location, Large Kitchen, Stainless steel appliances, gas range, gas heat, gas water heater,granite counter tops, walking large pantry, Large laundry room with Washer & Dryer incuded, latge cover patio, soft water loop, 2 car garage, grass front and back yard, Neer by Parks, Close to Shopping,Golfing, Restaurant, Airport and quick freeway access.
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PRICE & RENT TRENDS
Neighborhood: Sonesta Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonesta Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$247 | |
| Property Insurance | -$74 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$112
|
||
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.
$420,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.9% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
6.67
YEARS SAVED
$40,144
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,252
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
927 W Breckenridge Avenue Gilbert, AZ 2
- 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,130
- $0.89
-
1153 W Vaughn Avenue Gilbert, AZ 1
- 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998
LEASED 07/30/19- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
890 W Tremaine Avenue Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,295
- $0.96
-
1107 N Eldon Court Gilbert, AZ 4
- 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,453 Sqft ∙ Built 1994
LEASED 09/08/20- Rent
- Rent Per SQFT
- $2,295
- $0.94
-
732 W Merrill Avenue Gilbert, AZ 5
- 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,443 Sqft ∙ Built 1996
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,450
- $1.00
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170898
Last Updated: 12/17/2020
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.
