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1911 E Renegade Trail San Tan Valley, AZ 85143

3 Beds 3 Baths 2,281 sqft Built 2005

$270,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $118.37
  • 3 Days on Market
  • MLS # : 6176092
  • Updated Date : 01/02/2021 at 18:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,281 sqft
  • Baths : 3 full
Listing Agent

Prosmart Realty

Listing Agent's Description

MULTIPLE OFFERS RECEIVED-Looking for a great home in the the popular Queen Creek Area? Look no more. ''Renegade Place'' features 3 over-sized bedrooms, an upper loft with potential for an additional game/computer space, or extended family area. The large master bedroom opens to spacing for sitting area. This open kitchen comes with a large pantry shared with the laundry. The open concept kitchen flows directly into spacious great room. Tile floors on the entire lower level. Entry into home has welcoming living room. Lovely low maintenance landscaping is a plus with plenty of room to add that pool. The community also offers multiple community pools, and golf course! At this price point it's 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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$996
Property Tax -$143
Property Insurance -$72
HOA -$22
Property Management Fees -$99
CASH FLOW
$199

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.

$270,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.57%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$41,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5044$1,5305$1,575
$1,575
RENT COMPS ANALYSIS
  • 1911 E Renegade Trail San Tan Valley, AZ 4
    • 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.67
    •  
  • 1780 E Silversmith Trail Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 1746 E Dust Devil Drive San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.61
    •  
  • 30546 N Honeysuckle Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,504
    • $0.65
    •  
  • 30454 N Honeysuckle Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.65
    •  
PROPERTY LISTING DETAILS
Shamile Hirsh
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176092
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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