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1812 E Cowboy Cove Trail San Tan Valley, AZ 85143

4 Beds 3 Baths 1,905 sqft Built 2002

$287,500

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $150.92
  • 3 Days on Market
  • MLS # : 6154802
  • Updated Date : 11/01/2020 at 09:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Come see this this great move in ready 4 bedroom 2.5 bath home with a pool! Upgrades include new quartz countertops in the kitchen, new luxury waterproof vinyl plank flooring in all the right places, new carpet in all the bedrooms, new oven, microwave & dishwasher, new faucets, window blinds, door knobs and new interior/exterior paint. Great floor plan in a great community. Johnson Ranch community has 3 community pools, golf course, multiple parks, tennis courts, walkways and open areas. Close to shopping, out to eat and schools. This home is a must see!

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
 

$258,750$316,250$287,500

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,061
Property Tax -$152
Property Insurance -$64
HOA -$22
Property Management Fees -$99
CASH FLOW
-$97

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.

$287,500

PROJECTED PRICE

$1,300

PROJECTED RENT

0.45%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,938

INVESTMENT

$81,938

Down Payment
$71,875
Rehab Estimate
$5,750
Closing Costs
$4,313

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,061

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,875
Loan Amount $215,625
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,3254$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 1812 E Cowboy Cove Trail San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.68
    •  
  • 1515 E Rolls Road San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2005
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.68
    •  
  • 1788 E Desert Rose Trail San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2003
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.70
    •  
  • 30381 N Spur Way San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 2308 E Dust Devil Drive San Tan Valley, AZ 5
    • 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 2018 5 beds 3 baths ∙ 1,938 Sqft ∙ Built 2018
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
PROPERTY LISTING DETAILS
Benjamin Eberhard
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154802
Last Updated: 11/01/2020
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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