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2146 W Tobias Way San Tan Valley, AZ 85142

3 Beds 2 Baths 1,899 sqft Built 2017

$324,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $171.09
  • 3 Days on Market
  • MLS # : 6176119
  • Updated Date : 01/03/2021 at 00:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 3 bedroom, 2 bath in Morning Sun Farms. You'll love the bright open floor-plan, large island with plenty of cabinets and granite countertops in the kitchen along with the spacious pantry and laundry room. Working from home? The spacious den will offer the perfect solution! Master bath features double sinks and a separate shower and tub. Conveniently located near shopping and restaurants. Come see today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,199
Property Tax -$172
Property Insurance -$64
HOA -$62
Property Management Fees -$99
CASH FLOW
$105

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$5.0k$10k$15k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$32,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5843$1,6654$1,7005$1,780
$1,780
RENT COMPS ANALYSIS
  • 2146 W Tobias Way San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 35571 N Donovan Drive Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.88
    •  
  • 2264 W Arroyo Way Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2015
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,584
    • $0.83
    •  
  • 1707 W Loemann Drive Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2012
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.89
    •  
  • 2504 W Canyon Way W Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.95
    •  
PROPERTY LISTING DETAILS
Court C. Kleinman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176119
Last Updated: 01/03/2021
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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