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28956 N Coal Avenue San Tan Valley, AZ 85143

3 Beds 3 Baths 2,420 sqft Built 2007

$310,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.10
  • 2 Days on Market
  • MLS # : 6198231
  • Updated Date : 02/27/2021 at 01:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,420 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This is a wonderful spaceous home on a corner lot with mature trees. 3 Bedrooms with a bonus room on the first floor that has potential to be a 4th! Vaulted ceilings and an open floor plan with a good size eat in kitchen. This is a home with extremely generous storage closets, and a wonderful feeling of space! Huge master bedroom with sitting area and a walk in closet. Other rooms are also of a good size.This home is located in the Village at copper basin which includes YMCA & pool as part of the HOA. There are parks and walking paths, making this a very desirable neighborhood. Come and see this home soon, as you will not be disappointed!Open house 11-3 Saturday Feb 27th!!

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
 

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

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,077
Property Tax -$164
Property Insurance -$74
HOA -$30
Property Management Fees -$99
CASH FLOW
-$24

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

$1,420

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$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$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

5.25

YEARS SAVED

$16,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,4954$1,4995$1,595
$1,595
RENT COMPS ANALYSIS
  • 28956 N Coal Avenue San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.59
    •  
  • 28789 N Coal Avenue San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2008
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.64
    •  
  • 4014 E Superior Road San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 28981 N Coal Avenue San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2010
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 5109 E Smoky Quartz Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2017
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
PROPERTY LISTING DETAILS
Gillian L Downing
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198231
Last Updated: 02/27/2021
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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