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28577 N Posse Road San Tan Valley, AZ 85143

4 Beds 3 Baths 2,677 sqft Built 2007

INVESTimate

$298,000

List Price

$1,410

$1,269 - $1,551

Rent Est.

$320,946  ( +7.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $111.32
  • 1 Days on Market
  • MLS # : 6122546
  • Updated Date : 08/25/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,677 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Look no further! This home stands out from the others with its' TWO New 3.5-ton Carrier Brand 16 seer a/c units, 4-ton Evaporators and new furnaces. There is a transferrable Warranty & 5yr Service agreement that comes with. The exterior has been NEWly painted with an upgraded paint as has the interior. There are NEW Energy Efficient windows installed on the west side of the home and at the mstr. bath. Also new is the sliding door! All come with transferrable warranty. The home has a newer Tankless Gas Water Heater, Dishwasher, Gas Stove and Microwave. Great looking carpet and tile throughout. The kitchen is a joy with its' 42'' honey maple cabinets, Upgraded granite countertops and kitchen island, newer appliances and lots of counter space. You will love the upgraded ceiling fans more.....

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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

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

$268,200$327,800$298,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,099
Property Tax -$157
Property Insurance -$79
HOA -$65
Property Management Fees -$99
CASH FLOW
-$90

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.

$298,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.70%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4754$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 28577 N Posse Road San Tan Valley, 1
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.53
    •  
  • 28946 N Saddle Way San Tan Valley, 2
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.56
    •  
  • 28984 N Agave Road San Tan Valley, 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.55
    •  
  • 1260 E Palomino Way San Tan Valley, 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.57
    •  
  • 1137 E Canyon Trail San Tan Valley, 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.56
    •  
PROPERTY LISTING DETAILS
Judy Gillum
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122546
Last Updated: 08/25/2020
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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