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29647 N Balmoral Place San Tan Valley, AZ 85143

4 Beds 2 Baths 2,307 sqft Built 2003

$350,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $151.71
  • 2 Days on Market
  • MLS # : 6172036
  • Updated Date : 12/19/2020 at 13:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,307 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful move in ready home in San Tan Valley. Great location adjacent to a park. Kitchen includes black appliances, large pantry, recessed lighting, island with breakfast bar, desk area. Vaulted ceilings, 4 bedrooms and 2 bathrooms. Neutral paint throughout. Double-door entry primary bedroom suite you will find a private exit, lavish full bath with double sinks and spacious closet. Outside is perfect for entertaining with covered patio, extended paver patio, expansive backyard comprised of a grassy landscaping, fire-pit and sparkling pool. 2 car garage, RV gate. Located in Johnson Ranch, 3 community pools/spas, golf course, fishing, basketball, volleyball etc. Don't delay, schedule your showing today.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,291
Property Tax -$185
Property Insurance -$72
HOA -$8
Property Management Fees -$99
CASH FLOW
-$105

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.

$350,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5503$1,5574$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 29647 N Balmoral Place San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 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
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.61
    •  
  • 785 E Beargrass Place San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,557
    • $0.68
    •  
  • 29756 N Desert Willow Boulevard San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2003
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.72
    •  
  • 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
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
PROPERTY LISTING DETAILS
Dean Thornton
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172036
Last Updated: 12/19/2020
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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