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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $196.35
- 2 Days on Market
- MLS # : 6196855
- Updated Date : 02/19/2021 at 23:50
CONSTRUCTION
- Beds : 4
- Floor Size : 3,616 sqft
- Baths : 3 full , 1 half
Listing Agent
On Q Property Management
Listing Agent's Description
Come see this LIKE-NEW 4 bedroom + loft, 3.5 bath, 3 car garage Home in Kensington Estates, built by Woodside Homes in 2018/19! The owners went all out with upgrades, including an upgraded gourmet kitchen w/ granite countertops, GE profile appliances, a butler's pantry, hardwood shutters on all windows, wood banisters, tile throughout the whole downstairs, a water softener, and more! The floorplan is fantastic featuring a bedroom downstairs with an en-suite full bathroom, a large great room off the kitchen, an upstairs loft, and a master suite that has its own sitting room plus a massive walk-in closet! There are side + back patios and the back & front yards are fully landscaped with artificial turf, pavers, and lush landscaping! There is nothing like it on the market! Come today!
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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 | $2,920 |
| EXPENSES | Loan Payment | -$2,466 |
| Property Tax | -$513 | |
| Property Insurance | -$98 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$326
|
||
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.
$710,000
PROJECTED PRICE
$2,920
PROJECTED RENT
0.41%
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
$193,900
LOAN DETAILS
$2,466
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $177,500 |
| Loan Amount | $532,500 |
2.75
YEARS SAVED
$15,742
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,920
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,965
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
960 E Ladbroke Way Gilbert, AZ 3
- 4 beds 4 baths ∙ 3,616 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,616 Sqft ∙ Built 2018
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- Rent
- Rent Per SQFT
- $2,920
- $0.81
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4246 S Summit Street Gilbert, AZ 1
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.85
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3211 E Lark Drive Chandler, AZ 2
- 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,914 Sqft ∙ Built 2003
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LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,850
- $0.73
-
2807 E Desert Broom Place Chandler, AZ 4
- 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,667 Sqft ∙ Built 2005
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LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,950
- $0.80
-
4464 S Cobblestone Street Gilbert, AZ 5
- 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,321 Sqft ∙ Built 2005
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $3,000
- $0.90
PROPERTY LISTING DETAILS
On Q Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196855
Last Updated: 02/19/2021
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.
