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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $122.75
- 3 Days on Market
- MLS # : 6193380
- Updated Date : 02/12/2021 at 22:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,281 sqft
- Baths : 2 full , 1 half
Listing Agent
S.j. Fowler Real Estate, Inc.
Listing Agent's Description
Located in the beautiful community of Johnson Ranch. This 4 bedroom, 2.5 bathroom home offers a den/office and an open floor plan. Kitchen has Stainless steel appliances, solid surface CT and a large pantry! Back yard is large enough for a pool and does have a gazebo to enjoy some relaxing afternoons under. Large master en suite with split bedroom floor plan. All secondary bedrooms are large. 2 car garage w/ shelving. The community has 3 pools, disc-golf, play grounds, basketball courts, pitch and putt course, and a catch and release pond.
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$148 | |
| Property Insurance | -$72 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$257
|
||
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.
$280,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
10.42
YEARS SAVED
$42,935
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,545
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
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28985 N Welton Place San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,570
- $0.69
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957 E Dragon Fly Road San Tan Valley, AZ 1
- 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,276 Sqft ∙ Built 2003
LEASED 05/05/20- Rent
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- $1,395
- $0.61
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- 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
-
676 E Dry Creek Road San Tan Valley, AZ 4
- 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005
LEASED 03/29/20- Rent
- Rent Per SQFT
- $1,595
- $0.74
-
29604 N Candlewood Drive San Tan Valley, AZ 5
- 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2002
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,595
- $0.69
PROPERTY LISTING DETAILS
S.j. Fowler Real Estate, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193380
Last Updated: 02/12/2021
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.
