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1701 E Dogwood Lane 
Gilbert, AZ
85295
3 Beds 3 Baths 1,946 sqft
Built 2020
INVESTimate
$402,859
List Price
$108,758
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $207.02
- 2 Days on Market
- MLS # : 6122112
- Updated Date : 08/24/2020 at 18:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,946 sqft
- Baths : 2 full , 1 half
Listing Agent
Maracay Realty
Listing Agent's Description
Located in The Lakes at Annecy, this beautiful condominium home features Tahoe painted linen white cabinets with 42'' uppers, quartz kitchen countertops, Blanco single bowl kitchen sink, designer kitchen backsplash, G.E. slate kitchen appliances, 10' center pull sliding glass door in loft, 12'' x 24'' tile throughout great room and kitchen, glass french door entry to den, two-tone interior paint, corner homesite, Walking Distance to Lakes, Community Pool & Park & Close to San Tan Mall.
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PRICE & RENT TRENDS
Neighborhood: Val Vista Classic
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Val Vista Classic
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,486 |
| Property Tax | -$239 | |
| Property Insurance | -$65 | |
| HOA | -$224 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$423
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$402,859
PROJECTED PRICE
$1,690
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.23% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,758
LOAN DETAILS
$1,486
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,715 |
| Loan Amount | $302,144 |
0.67
YEARS SAVED
$1,153
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,742
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1701 E Dogwood Lane Gilbert, 1
- 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.87
-
1489 E Joseph Way Gilbert, 2
- 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2004
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
1674 E Joseph Way Gilbert, 3
- 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
1676 E Joseph Way Gilbert, 4
- 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,102 Sqft ∙ Built 2006
![property image]()
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,825
- $0.87
-
2794 S Alpine Drive Gilbert, 5
- 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008
![property image]()
LEASED 08/23/20- Rent
- Rent Per SQFT
- $1,850
- $0.90
PROPERTY LISTING DETAILS
Maracay Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122112
Last Updated: 08/24/2020
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.
