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1014 E Desert Springs Way 
San Tan Valley, AZ
85143
3 Beds 2 Baths 1,610 sqft
Built 2007
INVESTimate
$250,000
List Price
$72,000
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $155.28
- 2 Days on Market
- MLS # : 6122340
- Updated Date : 08/25/2020 at 19:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,610 sqft
- Baths : 2 full
Listing Agent
Canam Realty Group
Listing Agent's Description
Welcome home! This 3 bedroom 2 bath home provides an open floor plan concept. Tile in the main rooms and carpet in the bedrooms. Low maintenance front and back yard. Covered patio for enjoying your backyard leisure's. Close to shopping center and golf course. Some furniture available on separate bill of sale.
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* 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 | $1,310 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$132 | |
| Property Insurance | -$59 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
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.
$250,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.70% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
6.33
YEARS SAVED
$21,333
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,409
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1014 E Desert Springs Way San Tan Valley, 2
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,310
- $0.81
-
28668 N Rainfall Drive San Tan Valley, 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2006
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,250
- $0.87
-
456 E Taylor Trail San Tan Valley, 3
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,385
- $0.85
-
1088 E Palomino Way San Tan Valley, 4
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2005
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
398 E Cheyenne Road San Tan Valley, 5
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2002
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,425
- $0.87
PROPERTY LISTING DETAILS
Canam Realty Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122340
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.
