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2320 E Olivine Road San Tan Valley, AZ 85143

4 Beds 2 Baths 1,724 sqft Built 2004

$289,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $167.63
  • 3 Days on Market
  • MLS # : 6157030
  • Updated Date : 11/07/2020 at 13:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,724 sqft
  • Baths : 2 full
Listing Agent

Cactus Golf Properties

Listing Agent's Description

This charming single level, 4 bedroom, 2 bathroom ranch style home is located in San Tan Valley's Copper Basin! Fresh paint inside and out, tile floors, new carpeting and a spacious floor plan. The formal dining and living room offers great space to entertain your guests. Walking into the eat-in kitchen with breakfast bar, a large pantry and upper cabinet storage. Large Family Room. The master bedroom has an full on-suite bathroom and a large walk-in closet. Great Copper Basin location with low HOA fee which includes YMCA pool membership plus discounts on full membership for residents. You will be near so many community parks, schools, shopping, restaurants and multiple golf courses!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

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
Copper Basin K-8 School Primary Regular 765 35 6
Copper Basin K-8 School Middle Regular 765 35 6
Poston Butte High School High Regular 1,801 79 4

Copper Basin K-8 School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Copper Basin K-8 School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Poston Butte High School

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

$260,100$317,900$289,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,066
Property Tax -$153
Property Insurance -$61
HOA -$76
Property Management Fees -$99
CASH FLOW
-$125

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.

$289,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,388

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3304$1,3455$1,435
$1,435
RENT COMPS ANALYSIS
  • 2320 E Olivine Road San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.77
    •  
  • 3005 E Pinto Valley Road San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 28675 N Zircon Court San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 2904 E Sierrita Road San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.84
    •  
  • 2762 E Morenci Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.81
    •  
PROPERTY LISTING DETAILS
Gary Snow
Cactus Golf Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157030
Last Updated: 11/07/2020
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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