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1516 W Gordon Street San Tan Valley, AZ 85142

5 Beds 4 Baths 3,113 sqft Built 2018

INVESTimate

$469,900

List Price

$1,790

$1,611 - $1,969

Rent Est.

$501,289  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $150.95
  • 5 Days on Market
  • MLS # : 6121500
  • Updated Date : 08/23/2020 at 13:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,113 sqft
  • Baths : 4 full
Listing Agent

Beazer Homes

Listing Agent's Description

This former Hudson Model features a big open kitchen overlooking the great room and Extended covered patio. Features include Multi-Slide Glass doors at Great Room, gourmet kitchen with stainless steel appliances, gas cooktop, 42'' Staggered cabinets with 4'' crown Molding, solid slab granite, Custom kitchen back splash, Refrigerator, Washer/Dryer, large formal dining room, Custom tiled shower in primary bathroom, 2 tone interior paint, 8' garage door with opener, paver driveway, and much more!Move in ready!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,734
Property Tax -$248
Property Insurance -$88
HOA -$62
Property Management Fees -$99
CASH FLOW
-$441

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$469,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,364

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
  • $1,728

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5353$1,6454$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 1516 W Gordon Street San Tan Valley, 1
    • 5 beds 4 baths ∙ 3,113 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,113 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2966 W Tanner Ranch Road Queen Creek, 2
    • 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.55
    •  
  • 1740 W Vineyard Plains Drive Queen Creek, 3
    • 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.52
    •  
  • 2897 W Mineral Butte Drive Queen Creek, 4
    • 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.56
    •  
  • 33368 N Sandstone Drive San Tan Valley, 5
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.59
    •  
PROPERTY LISTING DETAILS
Mario Espinoza
Beazer Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121500
Last Updated: 08/23/2020
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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