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28976 N Calcite Way San Tan Valley, AZ 85143

3 Beds 2 Baths 2,325 sqft Built 2008

$340,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $146.24
  • 3 Days on Market
  • MLS # : 6204359
  • Updated Date : 03/19/2021 at 17:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,325 sqft
  • Baths : 2 full
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

Come see this gorgeous, super clean & very well maintained home located in the quiet Copper Basin community! The love of the owners for this home shines everywhere! It has 3b/2ba & a big den ( potential 4th bedroom!). Upon entry, there is a receiving/living room & another great room off the kitchen (granite, large pantry!) so it's easy to mingle when you're entertaining or see your family while you're preparing all those delicious & healthy meals. It has new carpets, newer AC & tile in all the right places. The swimming POOL is stunning and ready for all your fun parties!! The backyard is a great place to hang out and host your family & friends or a quiet place to unwind after a hectic work week. This beautiful home is ready for all the memories you will be making for many years to come

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
 

$306,000$374,000$340,000

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 -$1,181
Property Tax -$180
Property Insurance -$73
HOA -$91
Property Management Fees -$99
CASH FLOW
-$183

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.

$340,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.42%

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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,200

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
  • $0.62

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4403$1,4994$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 28976 N Calcite Way San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.62
    •  
  • 4068 E Rock Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2005
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.64
    •  
  • 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
Damian Godoy
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204359
Last Updated: 03/19/2021
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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