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278 E Pasture Canyon Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 2,150 sqft Built 2006

$309,999

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.19
  • 3 Days on Market
  • MLS # : 6174344
  • Updated Date : 12/26/2020 at 19:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Look no further! This incredible home in desirable San Tan Valley is waiting just for you. You'll love this easy care gravel landscaping and the front porch where you can enjoy relaxing afternoons. Step into this beauty to find 4 bed, 2 bath, vaulted ceilings, neutral color palette throughout the house, and lots of natural light just perfect for interior plants. Become the best home chef in this impressive eat-in kitchen, with large centered island including a breakfast bar, along with luxurious light fixtures, granite counter-tops, and more. This holidays gather around in the spacious living and dining area with gorgeous chandelier. The main bedroom gives you a lavish bathroom with everything you need. Perfectly sized backyard with covered patio is ready to make it your own. Call today!

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
 

$278,999$340,999$309,999

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,144
Property Tax -$166
Property Insurance -$69
HOA -$22
Property Management Fees -$99
CASH FLOW
$50

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.

$309,999

PROJECTED PRICE

$1,550

PROJECTED RENT

0.50%

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$16k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$28,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,548

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5503$1,5704$1,5905$1,595
$1,595
RENT COMPS ANALYSIS
  • 278 E Pasture Canyon Drive San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 239 E Diamond Trail San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 28472 N Desert Hills Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.74
    •  
  • 117 W Grey Stone Street San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.75
    •  
  • 66 W Castle Rock Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2006
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
PROPERTY LISTING DETAILS
Wendy Aguirre
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174344
Last Updated: 12/26/2020
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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