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2657 E Olivine Road San Tan Valley, AZ 85143

4 Beds 3 Baths 1,882 sqft Built 2003

INVESTimate

$241,900

List Price

$1,340

$1,206 - $1,474

Rent Est.

$260,599  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $128.53
  • 7 Days on Market
  • MLS # : 6120138
  • Updated Date : 08/20/2020 at 14:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,882 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

In the heart of the Copper Basin neighborhood of San Tan Valley, make this lovely 4 bedroom, 2.5 bathroom home yours! Inside, you'll enjoy an exceptionally functional layout and open kitchen and living room! The kitchen is graced by stainless steel appliances, a new dishwasher, and a pantry to store all of your kitchen supplies. Upstairs, you'll find 4 bedrooms with plenty of room for your family's needs. The primary bedroom offers privacy with its ensuite bathroom. In the fully fenced-in backyard, you'll love hanging out and getting some fresh air on the covered patio. This well-maintained community has a huge park and is just minutes from local shops and restaurants!

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
 

$217,710$266,090$241,900

PURCHASE PRICE

$1,206$1,474$1,340

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$900k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$893
Property Tax -$128
Property Insurance -$64
HOA -$76
Property Management Fees -$99
CASH FLOW
$81

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.

$241,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,854

INVESTMENT

$69,854

Down Payment
$60,475
Rehab Estimate
$5,750
Closing Costs
$3,629

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% 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 $60,475
Loan Amount $181,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$25,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,449

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3404$1,3855$1,435
$1,435
RENT COMPS ANALYSIS
  • 2657 E Olivine Road San Tan Valley, 3
    • 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,882 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.71
    •  
  • 28675 N Zircon Court San Tan Valley, 1
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2003
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 2281 E San Manuel Road San Tan Valley, 2
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2004
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.70
    •  
  • 2839 E Superior Road San Tan Valley, 4
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 2003
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.80
    •  
  • 2762 E Morenci Road San Tan Valley, 5
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.81
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120138
Last Updated: 08/20/2020
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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