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1479 E Magnum Road San Tan Valley, AZ 85140

5 Beds 3 Baths 2,967 sqft Built 2005

$324,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $109.54
  • 3 Days on Market
  • MLS # : 6193100
  • Updated Date : 02/11/2021 at 22:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,967 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

What an incredible opportunity to own a spectacular two-story home with all the bells & whistles! This 5 bed, 3 bath house offers an exquisite curb appeal with stone accents, grassy front yard, and 2 car garage w/ space for 3! As you step inside it shouts ''attention to details''! Warm neutral colors, white wainscoting, tile & hardwood floors, formal living/dining room, bright family room, and nice sized loft. White kitchen features custom cabinets w/crown molding, granite countertops, stone backsplash, island w/breakfast bar, and SS appliances. Spacious master suite has a marvelous ensuite with granite dual vanity, soaking tub, step-in shower, stone tiling in every wall, and walk-in closet. The backyard is a paradise with covered patio, lush lawn, fire pit, and pool w/stone waterfall!

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
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

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
 

$292,499$357,499$324,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,129
Property Tax -$173
Property Insurance -$85
HOA -$82
Property Management Fees -$99
CASH FLOW
$142

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.

$324,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.53%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,749
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$32,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7103$1,7994$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 1479 E Magnum Road San Tan Valley, AZ 2
    • 5 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.58
    •  
  • 4282 E Rousay Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.62
    •  
  • 38213 N Carolina Avenue San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.59
    •  
  • 1319 E Debbie Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 586 E Baker Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
PROPERTY LISTING DETAILS
Matthew B Linder
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193100
Last Updated: 02/11/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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