Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

28253 N Welton Place San Tan Valley, AZ 85143

4 Beds 3 Baths 2,690 sqft Built 2012

$460,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $171.00
  • 1 Days on Market
  • MLS # : 6260411
  • Updated Date : 07/13/2021 at 19:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,690 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely gorgeous former model with TONS of extras in popular Johnson Ranch!!! Pavers galore as you pull into your new driveway and front porch perfect for watching those AZ sunsets!! Step inside to and there's a den with double doors that can be used as an office, workout room, whatever fits your needs. Surround sound throughout the home!! Kitchen is nicely upgraded with lots of espresso cabinets, granite counter tops and island, and all stainless appliances!! It's also plumbed for gas cooking. Eat in kitchen area overlooks huge family room with soaring ceilings and new carpet with upgraded padding!! Upstairs is a large master bedroom with walk-in closet, double sinks with quartz counter tops, and separate shower and tub. Bedrooms 2 and 3 are great size too with jack and Jill bathroom

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
Poston Butte High School High Regular 1,801 79 4

Poston Butte High School

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

$414,000$506,000$460,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,598
Property Tax -$243
Property Insurance -$80
HOA -$21
Property Management Fees -$99
CASH FLOW
-$360

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.

$460,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6753$1,6804$1,6955$1,745
$1,745
RENT COMPS ANALYSIS
  • 28253 N Welton Place San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.62
    •  
  • 29117 N Yellow Bee Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 2003
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.66
    •  
  • 29071 N Cactus Circle San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.63
    •  
  • 94 W Sun Ray Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 2004
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 356 E Shawnee Road San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2003
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.66
    •  
PROPERTY LISTING DETAILS
Sharon M Romano
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6260411
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy