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28530 N Dolomite Lane San Tan Valley, AZ 85143

3 Beds 2 Baths 1,465 sqft Built 2005

$265,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $180.89
  • 3 Days on Market
  • MLS # : 6206277
  • Updated Date : 03/12/2021 at 22:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

S.j. Fowler Real Estate, Inc.

Listing Agent's Description

This single story 3 bedroom, 2 bathroom home sits on a Premium corner lot with a north/south facing. No neighbors to the east and or the south of the home. Split bedroom floor plan design with a large den/office! Kitchen has island and all black appliances. Vaulted ceilings in the living room. Master bedroom has walk-in closet. Washer & Dryer convey! Newer AC Unit!! 2 car garage with opener. Rear yard has a covered patio and large shade trees! Community offers tot parks and has a YMCA pool.

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
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$920
Property Tax -$140
Property Insurance -$56
HOA -$76
Property Management Fees -$99
CASH FLOW
-$181

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.

$265,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.42%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,2954$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 28530 N Dolomite Lane San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4665 E Pinto Valley Road San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2006
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 3924 E Copper Road San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2007
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 4356 E Mine Shaft Road San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 28945 N Amber Way San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2018
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Amy Krueger
S.j. Fowler Real Estate, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206277
Last Updated: 03/12/2021
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.

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