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202 E Rock Wren Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 2,189 sqft Built 2003

$300,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $137.05
  • 5 Days on Market
  • MLS # : 6155535
  • Updated Date : 11/04/2020 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to the highly desirable golf course community of Johnson Ranch! This single level home features 3 bedrooms plus an office, 2 bathrooms, brand new carpet, an RV gate for the toys and low maintenance landscaping. Inside you are greeted by a spacious living and dining room perfect for extra living space or use as a game room. The large eat-in kitchen boasts stainless steel appliances, granite countertops, tons of cabinet space with roll out drawers and an island with seating. The family room has wood-look ceramic tile and a lovely gas fireplace with beautiful stonework and built-in bookcases. The master bedroom offers a walk-in closet and en-suite bathroom complete with dual vanities, large walk-in shower with upgraded tile and glass mosaic detail and a relaxing soaker tub. Outside...

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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,107
Property Tax -$158
Property Insurance -$70
HOA -$21
Property Management Fees -$99
CASH FLOW
-$55

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.

$300,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

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$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,5574$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 202 E Rock Wren Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.64
    •  
  • 30075 N Maravilla Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2003
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 785 E Beargrass Place San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,557
    • $0.68
    •  
  • 29756 N Desert Willow Boulevard San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 29604 N Candlewood Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2002
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
PROPERTY LISTING DETAILS
Mindy Jones Nevarez
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155535
Last Updated: 11/04/2020
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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