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29392 N Red Finch Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 1,743 sqft Built 2004

$310,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $177.85
  • 2 Days on Market
  • MLS # : 6209942
  • Updated Date : 03/20/2021 at 04:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Rab Realty, Llc

Listing Agent's Description

Don't miss out on this lightly lived in golf course property. 4bed/2bath (4th BR could be used as den/office) has Pecan laminate wood flooring in all bedrooms and living room, 18'' tile with Medallion entry. Kitchen has beautiful granite counters, under cabinet lighting, stainless steel appliances, breakfast bar and eat in dining. Enjoy your backyard with view of golf course and you own putting green. Garage has built in cabinets and epoxy flooring.

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
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

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,077
Property Tax -$164
Property Insurance -$61
HOA -$23
Property Management Fees -$99
CASH FLOW
$226

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

$1,650

PROJECTED RENT

0.53%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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 35% 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

9.5

YEARS SAVED

$41,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,6004$1,6505$1,730
$1,730
RENT COMPS ANALYSIS
  • 29392 N Red Finch Drive San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 559 E Renegade Place San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2000
    property image
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 432 E Mountain View Road San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2003
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 28683 N Sedona Place San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 28944 N Taylor Trail San Tan Valley, AZ 5
    • 5 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 5 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.90
    •  
PROPERTY LISTING DETAILS
William J. Clausing
Rab Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209942
Last Updated: 03/20/2021
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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