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28570 N Obsidian Drive San Tan Valley, AZ 85143

5 Beds 4 Baths 3,240 sqft Built 2003

$360,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $111.11
  • 3 Days on Market
  • MLS # : 6203019
  • Updated Date : 03/05/2021 at 19:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,240 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Look no further! You've found the home of your dreams! Located in San Tan Valley, this 5 bed, 3.5 bath property boasts charming curb appeal with grassy front landscaping, a 3 car garage with built-in cabinets, and more! The interior features large dining and living areas along with an upstairs loft and den! The gorgeous kitchen offers ample cabinetry with a pantry, granite countertops, tile backsplash, matching appliances, breakfast bars, and a lovely island. Inside the grandiose master bedroom, you will find a private exit, a spacious walk-in closet, and a full bath with double sinks, not to mention separate tub and shower. Finally, the cozy backyard includes a covered patio, seating area, and a sparkling blue pool perfect for the warm summer days! What are you waiting for? Call now!

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,250
Property Tax -$190
Property Insurance -$90
HOA -$91
Property Management Fees -$99
CASH FLOW
-$11

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.

$360,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,028

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
  • $1,806

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5854$1,7955$1,995
$1,995
RENT COMPS ANALYSIS
  • 28570 N Obsidian Drive San Tan Valley, AZ 1
    • 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1168 E Coyote Creek Way San Tan Valley, AZ 2
    • 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2005
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.50
    •  
  • 28074 N Jade Street San Tan Valley, AZ 3
    • 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,119 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.51
    •  
  • 4423 E Red Jasper Court San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.60
    •  
  • 3504 E Morenci Road San Tan Valley, AZ 5
    • 6 beds 4 baths ∙ 3,241 Sqft ∙ Built 2004 6 beds 4 baths ∙ 3,241 Sqft ∙ Built 2004
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
PROPERTY LISTING DETAILS
Andy Gonzales
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203019
Last Updated: 03/05/2021
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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