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1563 S Longspur Ln, Gilbert, AZ 85296

3 beds • 2.5 baths • 1375 sqft

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This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $87,150 initial cash invested.

-13.37%

Cash On Cash

3.68%

Cap Rate

$2,090

Rent

-$971

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,090

Total Expenses

$3,061

Mortgage P&I

102%

$2,140

Property Taxes

5%

$101

Home Insurance

7%

$145

HOA

6%

$133

PManagement

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1531 S Avocet St, Gilbert, AZ 85296

$1,895

3

2.5

1375

0.1 mi

1517 S Jacana Ln, Gilbert, AZ 85296

$1,900

3

2.5

1375

0.1 mi

1568 S Jacana Ln, Gilbert, AZ 85296

$2,100

3

2.5

1350

0.1 mi

4036 E Tulsa St, Gilbert, AZ 85295

$1,995

3

2.5

1347

0.7 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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