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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,499 |
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
-
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
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174344
Last Updated: 12/26/2020
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.
