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286 W Hereford Drive San Tan Valley, AZ 85143

4 Beds 3 Baths 2,420 sqft Built 2004

$316,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $130.58
  • 3 Days on Market
  • MLS # : 6187474
  • Updated Date : 01/29/2021 at 20:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,420 sqft
  • Baths : 3 full
Listing Agent

Ah Properties

Listing Agent's Description

Professional Photos 02/01/21. Newly Remodeled 4 Bedroom Home in Desirable Circle Cross Ranch. All New Paint, All New Carpet, New Granite Countertops, Private Lot with No One Behind, Large Formal Living and Dining Room, Family Room Off Large Spacious Kitchen, Bedroom Downstairs with Full Bathroom Downstairs, 3 Bedrooms Upstairs with Nook, Spacious Master Suite with Full Master Bath, Double Sinks, Private Water Closet, Large Walk In Closets with Shelving, Dual A/C Units, Ceiling Fans Throughout, Programmable Thermostats, 2 Car Garage, RV Gate, Low Maintenance Landscaping, All Maintenance Records, Community Parks, Schools, Softball Fields, Basketball Courts, Soccer Fields, Close to Shopping, Golf, Restaurants, Medical Offices, The Olive Mill, San Tan Flats, and other Activities....

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
 

$284,400$347,600$316,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,098
Property Tax -$167
Property Insurance -$74
HOA -$50
Property Management Fees -$99
CASH FLOW
-$8

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.

$316,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,490

INVESTMENT

$89,490

Down Payment
$79,000
Rehab Estimate
$5,750
Closing Costs
$4,740

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,000
Loan Amount $237,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5754$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 286 W Hereford Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.61
    •  
  • 284 W Jersey Way San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2005
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 34543 N Mirandesa Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.61
    •  
  • 266 W Hereford Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.66
    •  
  • 34994 N Barzona Trail San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
PROPERTY LISTING DETAILS
Allen Kelley
Ah Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187474
Last Updated: 01/29/2021
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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