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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $235.25
- 1 Days on Market
- MLS # : 6263820
- Updated Date : 07/13/2021 at 18:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,441 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Great opportunity to own a 3 bed, 2 bath property located in San Tan Valley! This fabulous home boasts desert landscaping, 2 car garage, dining/living areas, designer paint throughout, and much more! The elegant kitchen offers ample cabinet and counter space, a pantry, and track lighting. Inside the fabulous master bedroom you will find a full bath with double sinks, and the expansive backyard, with its cozy patio, has tons of potential for customizing it any way you can imagine! Updated floors in living room, bathrooms and hallways. Newer built in microwave and dishwasher. HVAC, gas furnace, hot water tank and outside paint two years old.
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$179 | |
| Property Insurance | -$55 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$264
|
||
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.
$339,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
1.83
YEARS SAVED
$4,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,264
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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1232 E Omega Drive San Tan Valley, AZ 1
- 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
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1921 E Desert Moon Trail San Tan Valley, AZ 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2003
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,295
- $0.90
-
1627 E Desert Rose Trail San Tan Valley, AZ 3
- 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2003
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,350
- $0.84
-
1271 E Silktassel Trail San Tan Valley, AZ 4
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2001
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,350
- $0.87
-
667 E Renegade Place San Tan Valley, AZ 5
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2000
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,475
- $0.90
PROPERTY LISTING DETAILS
Re/max Alliance Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263820
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
