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1287 W Desert Valley Drive San Tan Valley, AZ 85143

5 Beds 3 Baths 3,318 sqft Built 2006

$370,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
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!

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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

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

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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

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
$0
1$02$1,6453$1,7004$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 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
Nick R. Garben
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161347
Last Updated: 11/27/2020
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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