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1906 E Desert Rose Trail San Tan Valley, AZ 85143

3 Beds 2 Baths 1,266 sqft Built 2003

INVESTimate

$242,000

List Price

$1,120

$1,008 - $1,232

Rent Est.

$260,634  ( +7.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $191.15
  • 6 Days on Market
  • MLS # : 6120637
  • Updated Date : 08/25/2020 at 17:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This Beautiful 3 bedroom 2 bath home is ready to move in to. From the time you walk in and see the gorgeous newer wood like flooring you''ll want to call this home your own. Open kitchen, huge great room, 3 large bedrooms make you'll feel right at home!Great backyard with lots of room to play plus a great dog run and the patio is great for entertaining. Home is very energy eff with N/S facing and lots of ceiling fans New faucets, newly painted cabinets, newer glass top stove, black appliances including the frig. plus 2 car garage with storage space. Home is very clean inside and out Thank you for showing You''ll love it :)

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
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$893
Property Tax -$128
Property Insurance -$52
HOA -$57
Property Management Fees -$99
CASH FLOW
-$109

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.

$242,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.70%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$893

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,120

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,2353$1,2654$1,2955$1,300
$1,300
RENT COMPS ANALYSIS
  • 1906 E Desert Rose Trail San Tan Valley, 1
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.88
    •  
  • 1182 E Desert Moon Trail San Tan Valley, 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2000
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,235
    • $0.86
    •  
  • 1023 E Desert Moon Trail San Tan Valley, 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2000
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.88
    •  
  • 1721 E Cowboy Cove Trail San Tan Valley, 4
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2002
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.90
    •  
  • 1980 E Dust Devil Drive San Tan Valley, 5
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
PROPERTY LISTING DETAILS
Becky Coen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120637
Last Updated: 08/25/2020
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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