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1753 E Maddison Circle San Tan Valley, AZ 85140

3 Beds 3 Baths 1,975 sqft Built 2004

$330,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.09
  • 3 Days on Market
  • MLS # : 6205832
  • Updated Date : 03/12/2021 at 20:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,975 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully upgraded home in the Pecan Creek Community. New paint, new lighting, new floor boards as well as upgraded casings around the windows and entrances. Beautiful accent walls throughout adorns this charming home. The great room is spacious and full of light creating the perfect gathering space. White cabinets, a gas stove and stainless appliances make the kitchen space warm and welcoming. The laundry room is so cute it could make doing laundry not feel like a chore. Every detail has been covered, even the garage floor has been epoxied. Upstairs there is a large loft along with 2 secondary bedrooms and a bath. The owners suite includes an en suite bath and a large walk in closet. From the moment you walk in the front door you will know you want this house to be your home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Pecan Creek

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,146
Property Tax -$193
Property Insurance -$66
HOA -$48
Property Management Fees -$99
CASH FLOW
-$171

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.

$330,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$7,582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4003$1,4754$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 1753 E Maddison Circle San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.70
    •  
  • 1669 E Santa Fiore Street San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 1730 E Maddison Circle San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2004
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.71
    •  
  • 1552 E Maddison Circle San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,071 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
  • 1171 E Chelsea Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
PROPERTY LISTING DETAILS
Megan Haynes
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205832
Last Updated: 03/12/2021
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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