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1689 E Primavera Way San Tan Valley, AZ 85140

4 Beds 3 Baths 2,148 sqft Built 2016

$345,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $160.61
  • 8 Days on Market
  • MLS # : 6163853
  • Updated Date : 11/26/2020 at 14:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,148 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Exceptional upgrades! Highly sought after Fontana Floor Plan!! Radiant Heat Barrier over the entire home including the garage, with lower than usual utility bills. Upgraded Cherry Wood Cabinets through out and in Kitchen 42'' Cabinets and Granite Countertops; RV Gate with 10' Clearance, 4' Ext in 2 car Garage, extra 2 car Carport, 2,000 sq ft extra concrete throughout, Professional dog run in back. Fresh Air System--AC Heat with atmosphere cleaning, 4 Bedroom / 3 bath. Back bedroom/bath could be in-law suit. Large walk-in closets throughout!!

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,273
Property Tax -$191
Property Insurance -$69
HOA -$51
Property Management Fees -$99
CASH FLOW
-$253

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.

$345,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,253

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
  • $1,509

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4994$1,5155$1,685
$1,685
RENT COMPS ANALYSIS
  • 1689 E Primavera Way San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1587 E Leaf Road San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2005
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
  • 2487 E Meadow Chase Drive San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.65
    •  
  • 1196 E Altadonna Street San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2004
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.74
    •  
  • 1230 E Press Place San Tan Valley, AZ 5
    • 5 beds 3 baths ∙ 2,253 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,253 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.75
    •  
PROPERTY LISTING DETAILS
Sherri Sue Parkin
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163853
Last Updated: 11/26/2020
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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