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1299 E Catino Court San Tan Valley, AZ 85140

5 Beds 3 Baths 3,442 sqft Built 2003

$400,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $116.21
  • 3 Days on Market
  • MLS # : 6177638
  • Updated Date : 01/08/2021 at 22:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,442 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely gorgeous cul-de-sac home with tons of on-trend features and updates! The gourmet eat-in kitchen incorporates painted cabinetry with pulls, marble look counters, breakfast bar, stainless appliances, walk-in pantry, butler's pantry, and a built-in desk area with mosaic tile backsplash. Other features include LVT flooring, 16in porcelain tile flooring, upgraded fans and light fixtures, family room with entertainment wall, and a 3 car garage with new opener. The master suite offers a private balcony, walk-in closet, and a full bathroom with dual sinks with new faucets, soaker tub, and a walk-in shower. The backyard has a massive extended covered patio, misting system, faux grass lawn, and low maintenance landscaping!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Ranch Elementary School Primary Regular 525 23 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Ranch Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 23
4
GreatSchools Rating

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,389
Property Tax -$213
Property Insurance -$94
HOA -$50
Property Management Fees -$99
CASH FLOW
$85

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.

$400,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$31,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,995
$1,995
RENT COMPS ANALYSIS
  • 1299 E Catino Court San Tan Valley, AZ 1
    • 5 beds 3 baths ∙ 3,442 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,442 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.56
    •  
  • 708 W Reeves Avenue San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.55
    •  
PROPERTY LISTING DETAILS
Jeffrey M Sibbach
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177638
Last Updated: 01/08/2021
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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