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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
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
-
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
Re/max Alliance Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181217
Last Updated: 01/16/2021
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.
