Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

29171 N Gedona Circle San Tan Valley, AZ 85143

4 Beds 2 Baths 1,909 sqft Built 2004

INVESTimate

$275,000

List Price

$1,400

$1,260 - $1,540

Rent Est.

$296,175  ( +7.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $144.05
  • 4 Days on Market
  • MLS # : 6121706
  • Updated Date : 08/24/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Super charming home in highly-desired Johnson Ranch, backs RIGHT up to the golf course. BRAND NEW paint, inside and out, new flooring and garage cabinets installed, just to name a few! Ceiling fans throughout, help keep home cooler in the warmer months. Kitchen opens up to living-room, so you never miss a moment. Great sized master suite with private bathroom and walk-in closet; master shower was re-done! Secondary bedrooms are good sized, with guest bathroom not too far. Backyard is ready to entertain with upgraded pavers, extending your patio, two roll shades awnings and storage shed! Community pools, parks and sports courts nearby! Don't miss out on a gorgeous home! Brand New Soft water/ Hot water heater less than 3yrs old.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Johnson Ranch

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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,015
Property Tax -$145
Property Insurance -$64
HOA -$65
Property Management Fees -$99
CASH FLOW
$12

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.

$275,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.70%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$20,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,384

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3004$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 29171 N Gedona Circle San Tan Valley, 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 234 E Dry Creek Road Queen Creek, 2
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 2005
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.68
    •  
  • 133 E Piccolo Court San Tan Valley, 3
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 122 E Palomino Way San Tan Valley, 4
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2003
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 310 E Mountain View Road San Tan Valley, 5
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2002
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Rebecca Kallhoff
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121706
Last Updated: 08/24/2020
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.

BESbswy