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29869 N Candlewood Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 1,919 sqft Built 2002

$349,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $181.87
  • 2 Days on Market
  • MLS # : 6209811
  • Updated Date : 03/20/2021 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Re/max Signature

Listing Agent's Description

This great single level 3 bed + 2 bath + den home, backs up to a golf course in highly sought after Johnson Ranch. Great floor plan offers plenty of space to work from home. Extra wide driveway done in 2017. Newer: SS appliances, water softener, water heater, exterior & interior painting, plus carpet in master & dining room. Kitchen features granite countertops, gas stove, RO system, and repainted cabinets. Large backyard has newer high-end Jacuzzi Hot Tub w/ specially designed deck and covered patio for relaxing and distanced entertaining.

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,212
Property Tax -$184
Property Insurance -$65
HOA -$23
Property Management Fees -$99
CASH FLOW
-$163

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.

$349,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4204$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 29869 N Candlewood Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.74
    •  
  • 735 E Tortoise Trail San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
  • 30381 N Spur Way San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 1081 E Omega Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2002
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 28683 N Sedona Place San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ling Zhu
Re/max Signature
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209811
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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