Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1640 E Desert Rose Trail San Tan Valley, AZ 85143

3 Beds 3 Baths 2,281 sqft Built 2003

$319,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $140.25
  • 2 Days on Market
  • MLS # : 6184996
  • Updated Date : 01/23/2021 at 18:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,281 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gary Call Real Estate

Listing Agent's Description

Great 3 bed, 2.5 bath two-story, located in Johnson Ranch. Beautiful wood look floors throughout the main level. Spacious open floor plan. The eat-in kitchen has oak cabinets, SS appliances and a large center island. Powder room off the main living area. Plush carpeting throughout the upstairs. Loft area has many possibilities! Sizable bedrooms. The master has wood look floors, full bath, and a walk-in closet. The backyard has a covered patio, built-in BBQ, pool with water feature. Close to schools, shopping, and Hunt Hwy. Johnson Ranch Community amenities available! Tenant occupied until end of february.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Johnson Ranch

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
Magma Ranch K-8 School Primary Regular 788 35 4
Magma Ranch K-8 School Middle Regular 788 35 4
Poston Butte High School High Regular 1,801 79 4

Magma Ranch K-8 School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Magma Ranch K-8 School

  • Education Level: Middle
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,111
Property Tax -$169
Property Insurance -$72
HOA -$21
Property Management Fees -$99
CASH FLOW
-$152

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.

$319,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

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

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4503$1,4754$1,5045$1,575
$1,575
RENT COMPS ANALYSIS
  • 1640 E Desert Rose Trail San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.58
    •  
  • 1780 E Silversmith Trail Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 1746 E Dust Devil Drive San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.61
    •  
  • 30546 N Honeysuckle Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,504
    • $0.65
    •  
  • 30454 N Honeysuckle Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.65
    •  
PROPERTY LISTING DETAILS
Gary M Kolstad
Gary Call Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184996
Last Updated: 01/23/2021
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.

BESbswy