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2910 S Colonial Street 
Gilbert, AZ
85295
5 Beds 3 Baths 3,167 sqft
Built 2004
INVESTimate
$520,000
List Price
$143,550
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $164.19
- 2 Days on Market
- MLS # : 6122097
- Updated Date : 08/25/2020 at 17:03
CONSTRUCTION
- Beds : 5
- Floor Size : 3,167 sqft
- Baths : 3 full
Listing Agent
Conway Real Estate
Listing Agent's Description
The Only One Available in Spectrum - Ashton Woods Vanderbilt Model w/Custom Stone Accents has everything & more! View Lot, Courtyard, 5 Beds (1 down) 3 Full Baths (1 down), +Loft, 3 Car Garage with NEMA 220 Plug for Charging Electric Vehicle, Sparkling Pebble Sheen Pool w/Waterfall, RV Gate, Lg Eat-in Kitchen w/Granite Counters, Island & Walk-in Pantry. Inside Laundry. Master Suite w/Private Balcony, Dual Sinks, Lg Walk-in Closet. Upgraded Wrought Iron & Oak Banister. *BONUS* Whole Home Solar Sys offers Huge Utility Bill $avings (see Solar info in documents tab). Beautiful Views from Backyard & Balconies. Built-in Sound Sys, Putting Green, Community Offers; Biking/Walking Paths, Playground, Volleyball, Tennis Courts and more...
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PRICE & RENT TRENDS
Neighborhood: The Spectrum at Val Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Spectrum at Val Vista
* 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 | $2,360 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$318 | |
| Property Insurance | -$89 | |
| HOA | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$520,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.83% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
4.08
YEARS SAVED
$23,283
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,629
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
2910 S Colonial Street Gilbert, 2
- 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,360
- $0.75
-
1281 E Hampton Lane Gilbert, 1
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2004
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,975
- $0.70
-
953 E Boston Street Gilbert, 3
- 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 2013
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,400
- $0.85
-
1547 E Erie Street Gilbert, 4
- 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 1998
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
964 E Hampton Lane Gilbert, 5
- 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2016
LEASED 03/01/19- Rent
- Rent Per SQFT
- $2,700
- $0.96
PROPERTY LISTING DETAILS
Conway Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122097
Last Updated: 08/25/2020
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.
