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1703 E Loveland Lane San Tan Valley, AZ 85140

4 Beds 3 Baths 3,728 sqft Built 2006

$650,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $174.36
  • 2 Days on Market
  • MLS # : 6190041
  • Updated Date : 02/06/2021 at 18:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,728 sqft
  • Baths : 3 full
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

Custom home on 1.25 Acres with a CASITA and horse stalls!! TWO RV gates, POOL and SPA! Inside this BEAUTIFUL home you'll find Granite counters, tile and carpet flooring all wrapped up in a lovely western look. The main house is 2,480 and casita w/ kitchen is approx 1,000 sqft! Incredible backyard PERFECT for entertaining with a pool, spa and built in OUTDOOR KITCHEN!! This is the best place for you and your HORSES, complete with TACK ROOM and stalls with water and electricity. HUGE master closet and tiled walk in shower. Great sized bedrooms and a spacious floor plan. This is an absolute MUST SEE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queen Creek Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $83k371k

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

Neighborhood: Queen Creek Ranchos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8621873

* 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,258
Property Tax -$314
Property Insurance -$100
Property Management Fees -$99
CASH FLOW
-$620

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.

$650,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,050

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,150
$2,150
RENT COMPS ANALYSIS
  • 1703 E Loveland Lane San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 3,728 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,728 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.58
    •  
  • 708 W Reeves Avenue San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.55
    •  
PROPERTY LISTING DETAILS
Damian Godoy
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190041
Last Updated: 02/06/2021
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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