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312 E Vicenza Drive San Tan Valley, AZ 85140

3 Beds 2 Baths 1,855 sqft Built 2015

$360,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $194.07
  • 3 Days on Market
  • MLS # : 6202561
  • Updated Date : 03/05/2021 at 04:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,855 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Terrific open floor plan with gourmet kitchen with island pendant lighting double ovens and backsplash. The kitchen, dining and family room all share the same open space. The bedrooms are split with the 2nd and 3rd bedroom featuring a ''teen room'' in between them. There is also a bonus room/den at the front of the home.Enjoy our amazing AZ outdoor living in the nearby park and playground or in the tastefully landscaped back yard with large covered patio, extra paver patio and artificial turf.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,250
Property Tax -$191
Property Insurance -$63
HOA -$87
Property Management Fees -$99
CASH FLOW
-$201

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.

$360,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4903$1,5504$1,6505$1,735
$1,735
RENT COMPS ANALYSIS
  • 312 E Vicenza Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.80
    •  
  • 1199 E Cottonwood Road San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 584 E Harvest Road San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 1,843 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,843 Sqft ∙ Built 2007
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 41247 N Rose Lane San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 41500 N Maple Lane San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2005
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jon Littlefield
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202561
Last Updated: 03/05/2021
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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