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1193 W Desert Glen Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 1,857 sqft Built 2006

$329,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $177.65
  • 4 Days on Market
  • MLS # : 6167029
  • Updated Date : 12/03/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Trelora Realty

Listing Agent's Description

Come see this beautiful single story home built by Morrison Homes. This house features an amazing open concept and pool which creates both a welcoming and luxurious environment. Located in the highly desirable community of Skyline Ranch this house is nestled right up the street from plenty of shopping and restaurants. As you enter through the front door the large square tiles flow throughout the entire home with hardwood laminate flooring in the bedrooms. The upgraded kitchen features stainless steel appliances, granite countertops, accent lighting, and a beautiful barn wood style large center island making it a great place for entertaining. The large master suite over looks the backyard which features large pool, sun shades, and citrus tress. Schedule your showing today!

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,217
Property Tax -$174
Property Insurance -$63
HOA -$62
Property Management Fees -$99
CASH FLOW
-$266

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.

$329,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.41%

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

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,3954$1,4995$1,615
$1,615
RENT COMPS ANALYSIS
  • 1193 W Desert Glen Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.73
    •  
  • 1098 W Vineyard Plains Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2005
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
    •  
  • 34564 N Mirandesa Drive San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2010
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 33683 N Slate Creek Drive San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.82
    •  
  • 1640 W Gold Mine Way Queen Creek, AZ 5
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2011
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.85
    •  
PROPERTY LISTING DETAILS
Grayson J Banks
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167029
Last Updated: 12/03/2020
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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