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1316 W Danish Red Trail San Tan Valley, AZ 85143

4 Beds 2 Baths 1,539 sqft Built 2009

$300,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $194.93
  • 6 Days on Market
  • MLS # : 6168856
  • Updated Date : 12/10/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,539 sqft
  • Baths : 2 full
Listing Agent

On Q Property Management

Listing Agent's Description

Gorgeous 4 bedroom highly upgraded home in Circle Cross Ranch features stunning kitchen with upgraded white cabinetry, butcher block counter tops, farmhouse sink and custom dining room lighting. 18'' tile in all living areas, carpeted bedrooms. Professionally painted by Sherwin Williams.Master bedroom is split from other 3 bedrooms. Wood blinds! Water softener and R/O system and Nest thermostat, protect smoke detectors and keyless entry add to the quality of life in this cozy home. Friendly neighbors! Nice grass back yard play area for your kids & their kids while you enjoy amazing views from the covered patio.Close to schools, parks,Schneff Farm, Olive Mill, Walmart, Frys and Queen Creek Market Place! Priced right and move in ready. Buyer to confirm measurements.

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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,107
Property Tax -$175
Property Insurance -$57
HOA -$50
Property Management Fees -$99
CASH FLOW
-$88

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.

$300,000

PROJECTED PRICE

$1,400

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,080

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
  • $1,358

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4803$1,4954$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 1316 W Danish Red Trail San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,539 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,539 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2173 W Garland Drive Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.85
    •  
  • 318 W Mammoth Cave Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 1725 W Corriente Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 35571 N Donovan Drive Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jerry D Reidhead
On Q Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168856
Last Updated: 12/10/2020
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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