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31297 N Mesquite Way San Tan Valley, AZ 85143

4 Beds 3 Baths 2,336 sqft Built 2005

$329,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $141.22
  • 3 Days on Market
  • MLS # : 6157372
  • Updated Date : 11/06/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,336 sqft
  • Baths : 3 full
Listing Agent

Mark Brower Properties, Llc

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in San Tan Valley, this 4 bed, 3 bath property boasts a charming facade with low maintenance landscaping and a 2 car garage. The lavish interior features an open floor plan, a spacious loft, and neutral paint throughout. The elegant kitchen offers ample cabinet and counter space with high-end appliances, track lighting, and a lovely breakfast bar. You'll love the fabulous master bedroom, with its full bath and spacious walk-in closet. Finally, the stunning backyard with its covered patio, artificial grass area, and sparkling blue pool, this home is simply a dream come true! Don't waste any time and schedule a showing before it's gone!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

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
Skyline Ranch K-8 School Primary Regular 792 35 5
Skyline Ranch K-8 School Middle Regular 792 35 5
Poston Butte High School High Regular 1,801 79 4

Skyline Ranch K-8 School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Skyline Ranch K-8 School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,217
Property Tax -$174
Property Insurance -$73
HOA -$20
Property Management Fees -$99
CASH FLOW
$17

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.

$329,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.48%

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

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,594

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5954$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 31297 N Mesquite Way San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.68
    •  
  • 1780 E Silversmith Trail Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 30954 N Desert Honeysuckle Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.64
    •  
  • 31738 N Cheyenne Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2006
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
  • 1179 E Mayfield Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
PROPERTY LISTING DETAILS
Mark Brower
Mark Brower Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157372
Last Updated: 11/06/2020
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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