Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2881 E Sierrita Road San Tan Valley, AZ 85143

3 Beds 2 Baths 1,492 sqft Built 2003

$253,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $169.57
  • 4 Days on Market
  • MLS # : 6156464
  • Updated Date : 11/06/2020 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This San Tan Valley one-story home offers a two-car garage. This home is vacant and cleaned regularly.

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
Copper Basin K-8 School Primary Regular 765 35 6
Copper Basin K-8 School Middle Regular 765 35 6
Poston Butte High School High Regular 1,801 79 4

Copper Basin K-8 School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Copper Basin K-8 School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 35
6
GreatSchools Rating

Poston Butte High School

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

$227,700$278,300$253,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$933
Property Tax -$134
Property Insurance -$56
HOA -$76
Property Management Fees -$99
CASH FLOW
-$78

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.

$253,000

PROJECTED PRICE

$1,220

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

PROJECTED ANNUAL CASH FLOW

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

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$72,795

INVESTMENT

$72,795

Down Payment
$63,250
Rehab Estimate
$5,750
Closing Costs
$3,795

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,250
Loan Amount $189,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,231

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2203$1,2954$1,3255$1,345
$1,345
RENT COMPS ANALYSIS
  • 2881 E Sierrita Road San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.82
    •  
  • 2685 E Olivine Road San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.81
    •  
  • 3005 E Pinto Valley Road San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 2968 E Silverbell Road San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,555 Sqft ∙ Built 2003
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 2904 E Sierrita Road San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 2003
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156464
Last Updated: 11/06/2020
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.

BESbswy