Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $227.96
- 5 Days on Market
- MLS # : 6196398
- Updated Date : 02/26/2021 at 18:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,961 sqft
- Baths : 4 full
Listing Agent
West Usa Realty
Listing Agent's Description
A beautiful 1 level, split floorplan, 4 bed 4 bath home in the Felty Farms community. Extra care has been taken to this home. Master bedroom with built-in, walk-in closet, jacuzzi tub and separate shower. Dual master bedroom, great for guests or other family members. Large kitchen with upgrade cabinetry, granite countertops and appliances to include but not limited to stainless double ovens, stainless refrigerator and gas cook top, Large family room, eat in kitchen, pantry, separate living and dining room, designer lighting fixtures, white shutters and window coverings throughout. Larger laundry room with sink, 3-car garage.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Felty Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Felty Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$472 | |
| Property Insurance | -$85 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$571
|
||
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.
$675,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 0.8% |
| 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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
1.33
YEARS SAVED
$4,050
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
-
$2,658
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
953 E Lodgepole Drive Gilbert, AZ 1
- 4 beds 4 baths ∙ 2,961 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,961 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1281 E Baranca Road Gilbert, AZ 2
- 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,450
- $0.81
-
1578 E Cassia Court Gilbert, AZ 3
- 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2005
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,550
- $0.91
-
4622 S Onyx Drive Chandler, AZ 4
- 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2010
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,750
- $0.90
-
1131 E Bajor Street Gilbert, AZ 5
- 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,850
- $0.97
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196398
Last Updated: 02/26/2021
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.
