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1051 E Shari Street San Tan Valley, AZ 85140

4 Beds 3 Baths 3,055 sqft Built 2006

$360,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $117.84
  • 3 Days on Market
  • MLS # : 6172548
  • Updated Date : 12/18/2020 at 18:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,055 sqft
  • Baths : 2 full , 1 half
Listing Agent

Conway Real Estate

Listing Agent's Description

Beautiful home in the Pecan Creek South community in Queen Creek. This Spacious home features a formal dining room, 2 Living areas, Private Office/Den, .5 bath, and a large kitchen with Island and dining room on the first level. Moving up stairs you will find 3 spacious bedrooms, open loft, full bath, and a spacious master suite with large private master bathroom. The extended driveway and three car garage provides plenty of parking and workspace. The backyard has view fencing into a greenbelt with a walking path on the far side allowing enjoyment of the neighborhood without the sacrifice of privacy. Other features of the backyard include a covered patio grass area and maturing fruit trees. Come view this home before the opportunity is no longer available!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Pecan Creek

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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,328
Property Tax -$210
Property Insurance -$87
HOA -$17
Property Management Fees -$99
CASH FLOW
$49

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.

$360,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$31,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7904$1,7995$1,875
$1,875
RENT COMPS ANALYSIS
  • 1051 E Shari Street San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.59
    •  
  • 1633 E Melanie Street San Tan Valley, AZ 1
    • 5 beds 3 baths ∙ 2,720 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,720 Sqft ∙ Built 2007
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.59
    •  
  • 38245 N Carolina Avenue San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.56
    •  
  • 38213 N Carolina Avenue San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.59
    •  
  • 1319 E Debbie Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
PROPERTY LISTING DETAILS
Rj Mitchell
Conway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172548
Last Updated: 12/18/2020
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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