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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $111.51
- 4 Days on Market
- MLS # : 6161347
- Updated Date : 11/27/2020 at 15:15
CONSTRUCTION
- Beds : 5
- Floor Size : 3,318 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
You will want to see this one! This Morrison Home features 5 bedrooms, 3 full baths, with a bedroom, den and full bath located on the ground floor. ALL NEW CARPET was just installed upstairs; where you will find 4 spacious bedrooms and a loft that has been converted into a movie room, fully equipped with a built in movie projector! Outside you will enjoy a private pool, for those warm Arizona summers; as well as an extended patio that overlooks a relaxing Koi Pond equipped with waterfall on one of Skyline Ranch's largest lots. This is a MUST see for anyone looking to purchase in the ever-growing San Tan Valley!
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PRICE & RENT TRENDS
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$195 | |
| Property Insurance | -$92 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$370,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.47%
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
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
4.58
YEARS SAVED
$19,972
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
-
$1,858
COMP ESTIMATED VALUE -
$0.56
COMP AVG. RENT PER SQFT
Comps Range
-
1287 W Desert Valley Drive San Tan Valley, AZ 1
- 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,318 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1740 W Vineyard Plains Drive Queen Creek, AZ 2
- 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,645
- $0.52
-
2420 W Chinook Drive Queen Creek, AZ 3
- 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2016
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.57
-
2897 W Mineral Butte Drive Queen Creek, AZ 4
- 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,795
- $0.56
-
33368 N Sandstone Drive San Tan Valley, AZ 5
- 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005
LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,825
- $0.59
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161347
Last Updated: 11/27/2020
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.
