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28102 N Edwards Road San Tan Valley, AZ 85143

4 Beds 3 Baths 2,436 sqft Built 2016

$595,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $244.25
  • 3 Days on Market
  • MLS # : 6181217
  • Updated Date : 01/16/2021 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,436 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Amazing must see horse property with mountain views in San Tan Valley. Inside discover a 4 bedroom, 2.5 bathroom home with spacious great room with 5.1 surround sound speaker system open to kitchen. Throughout home discover amenities such as custom white shutters, decorative ceiling fans, SolarGard window film on windows, recessed LED lighting, nice neutral plank tile flooring, and carpet in bedrooms. Kitchen boasts stainless steel appliances with GE 2 oven range, gorgeous white cabinets with knobs/pulls and complimentary granite counters, whole house water softener and water filtration system. Master bathroom touts separate door for privacy, double sinks, white cabinets with granite counters, gorgeous custom neutral tile work in walk in shower and separate tub.

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
Skyline Ranch K-8 School Primary Regular 792 35 5
Skyline Ranch K-8 School Middle Regular 792 35 5
Poston Butte High School High Regular 1,801 79 4

Skyline Ranch K-8 School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Skyline Ranch K-8 School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$535,500$654,500$595,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$2,067
Property Tax -$314
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$794

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.

$595,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.30%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5754$1,6255$1,760
$1,760
RENT COMPS ANALYSIS
  • 28102 N Edwards Road San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.72
    •  
  • 29143 N Shannon Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.59
    •  
  • 435 E Cheyenne Road San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 29117 N Yellow Bee Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 29344 N Yellow Bee Drive San Tan Valley, AZ 4
    • 5 beds 3 baths ∙ 2,378 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,378 Sqft ∙ Built 2004
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.68
    •  
PROPERTY LISTING DETAILS
Sharon Somerville
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181217
Last Updated: 01/16/2021
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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