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1010 E Vernoa Street San Tan Valley, AZ 85140

3 Beds 2 Baths 1,371 sqft Built 2003

$255,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $186.00
  • 4 Days on Market
  • MLS # : 6165010
  • Updated Date : 11/25/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,371 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Your search stops here! This single story home comes complete with formal living & dining room, vaulted ceilings, 3 bed, 2 bath, designer paint finishes, ceiling fans, cozy family room, and tile flooring through the entire house for an easy care. The beautiful kitchen offers plenty of maple cabinets, stainless steel appliances, solid surface counters, breakfast bar, mosaic back-splash, and pantry. Enchanting master bedroom includes walk-in closet and en-suite bath with track lighting in vanity. In backyard, enjoy the privacy of not having 2-story homes beside or behind and relax with a glass of wine under the covered patio. Don't forget about the built-in cabinets in the garage for more storage! This is the home you've been looking for!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Jack W. Harmon Elementary School Primary Regular 553 26 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Jack W. Harmon Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 26
4
GreatSchools Rating

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$941
Property Tax -$136
Property Insurance -$54
HOA -$38
Property Management Fees -$99
CASH FLOW
-$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$255,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$14,505

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,220

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,217

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,2953$1,3004$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 1010 E Vernoa Street San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.89
    •  
  • 866 E Lamonte Street San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2002
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 40157 N Passaro Lane San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 1165 E Nardini Street San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 825 E Lamonte Street #sa San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
James Thompson
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165010
Last Updated: 11/25/2020
support@investimateroi.com

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.

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