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1128 E Stardust Way San Tan Valley, AZ 85143

4 Beds 2 Baths 1,909 sqft Built 2004

$279,500

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $146.41
  • 2 Days on Market
  • MLS # : 6157689
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

For stronger offers The seller prefers to use Magnus Title - Silo michael.rivera@magnustitle.com480.748.2105 / 480.203.592716430 N Scottsdale Rd suite 200, Scottsdale, AZ, 85254

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Skyline Ranch K-8 School Primary Regular 792 35 5
Skyline Ranch K-8 School Middle Regular 792 35 5
Poston Butte High School High Regular 1,801 79 4

Skyline Ranch K-8 School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Skyline Ranch K-8 School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$251,550$307,450$279,500

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,031
Property Tax -$148
Property Insurance -$64
HOA -$20
Property Management Fees -$99
CASH FLOW
$98

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.

$279,500

PROJECTED PRICE

$1,460

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$31,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4604$1,4655$1,575
$1,575
RENT COMPS ANALYSIS
  • 1128 E Stardust Way San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.76
    •  
  • 1147 E Rolls Road San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 1440 E Stirrup Lane San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 31315 N Shale Drive San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.77
    •  
  • 1107 E Desert Holly Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 2005
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.83
    •  
PROPERTY LISTING DETAILS
Blake E Williams
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157689
Last Updated: 11/07/2020
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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