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28929 N Carnelian Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 2,216 sqft Built 2016

$310,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $139.89
  • 2 Days on Market
  • MLS # : 6182077
  • Updated Date : 01/16/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,216 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

This barely lived in house feels like new, but with all the work done for you. Window blinds, ceiling fans, garage cabinets and fully landscaped premium 9100 sqft lot with no rear neighbor in a cul-de-sac. The lot alone was a $10K builder premium upgrade. Great floor plan with bedrooms all spread out for ultimate privacy. Granite island kitchen. Soft water system, Just minutes from multiple golf courses. . This house is truly move in ready, you will not find a cleaner house on the market. Almost forgot!! Lemon tree and a small garden in the backyard. NICE :)

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,077
Property Tax -$169
Property Insurance -$70
HOA -$91
Property Management Fees -$99
CASH FLOW
-$66

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.

$310,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.46%

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

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,573

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4403$1,4994$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 28929 N Carnelian Drive San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.65
    •  
  • 4862 E Fire Opal Lane San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2017
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.67
    •  
  • 28981 N Coal Avenue San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2010
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 5109 E Smoky Quartz Road San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 28859 N Gypsum Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2020
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jerome Jay Ralston
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182077
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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