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1741 S Balboa Dr, Gilbert, AZ 85295

3 beds • 2.5 baths • 1495 sqft

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This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $89,250 initial cash invested.

-11.63%

Cash On Cash

3.9%

Cap Rate

0.65

DSCR

$2,260

Rent

-$865

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,260

Total Expenses

$3,125

Mortgage P&I

94%

$2,134

Property Taxes

5%

$124

Home Insurance

7%

$149

HOA

6%

$130

PManagement

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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3

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0.2 mi

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$2,250

3

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0.3 mi

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$2,500

4

2

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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