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28789 N Broken Shale Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 2,150 sqft Built 2005

$299,999

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $139.53
  • 5 Days on Market
  • MLS # : 6174177
  • Updated Date : 12/25/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,150 sqft
  • Baths : 2 full
Listing Agent

Rmb Properties, Llc

Listing Agent's Description

Hurry and choose your paint and carpet colors! Not much more needed on this beautiful single level home in Johnson Ranch that is right across the street from a park! Huge lot and RV gate! This home features 3 bedrooms plus Den (easy to make to 4th bedroom!) and 2 full bathrooms, beautiful desert landscape in the front and back, tile and carpet throughout. Exterior just painted a couple months ago, newer AC Condenser. Park across the street and community pool on the other side of park! Johnson Ranch has 3 community pools, 9 hole pitch & put golf course, catch & release fishing pond, tennis basketball & sand volleyball courts, frisbee golf course, & multiple greenbelts and community playgrounds. Call for showings.

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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,107
Property Tax -$158
Property Insurance -$69
HOA -$23
Property Management Fees -$99
CASH FLOW
-$6

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.

$299,999

PROJECTED PRICE

$1,450

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,704

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
  • $1,360

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3954$1,4255$1,550
$1,550
RENT COMPS ANALYSIS
  • 28789 N Broken Shale Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1118 E Desert Springs Way Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2007
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.59
    •  
  • 239 E Diamond Trail San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 1089 E Mountain View Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2004
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.63
    •  
  • 435 E Cheyenne Road San Tan Valley, AZ 5
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
PROPERTY LISTING DETAILS
Ryan Brown
Rmb Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174177
Last Updated: 12/25/2020
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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