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29138 N Star Sapphire Lane San Tan Valley, AZ 85143

4 Beds 2 Baths 1,929 sqft Built 2016

$274,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $142.51
  • 5 Days on Market
  • MLS # : 6155933
  • Updated Date : 11/04/2020 at 10:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story home in The Village of Copper Basin! This home has been refreshed with new interior paint. Open concept living and dining with lots of natural light throughout. Off the entry is a den/home office. The kitchen features granite countertops and ample cabinet and counter space with a breakfast bar. Walk in pantry/laundry just off the kitchen. The primary bedroom has an ensuite bathroom with dual sinks and a walk in closet. Other bedrooms are spacious. The backyard has a covered patio and no neighbors behind for added privacy. Green belt and playground at community entrance. Vacant and ready for viewing, come see!

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,014
Property Tax -$160
Property Insurance -$65
HOA -$76
Property Management Fees -$99
CASH FLOW
-$84

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.

$274,900

PROJECTED PRICE

$1,330

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$200k$400k$600k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3303$1,3754$1,4105$1,599
$1,599
RENT COMPS ANALYSIS
  • 29138 N Star Sapphire Lane San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.69
    •  
  • 4356 E Mine Shaft Road San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.74
    •  
  • 4994 E Black Opal Lane San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2017
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.72
    •  
  • 4862 E Fire Opal Lane San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2017
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.67
    •  
  • 4883 E Rhodium Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2020
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.81
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155933
Last Updated: 11/04/2020
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.

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