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31377 N Mesquite Way San Tan Valley, AZ 85143

4 Beds 3 Baths 2,336 sqft Built 2005

$275,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $117.72
  • 3 Days on Market
  • MLS # : 6163107
  • Updated Date : 11/21/2020 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,336 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

So many people are looking for more space their home. Space for working, school and gaming. Space for crafts and hobbies. Space to watch movies, read and eat. Here is a place for all those spaces. With 4 rooms and a large loft this home will allow you to find all the space you want. Maybe you prefer space outside? This yard is a blank canvas waiting for you to add whatever makes you happy. Whatever space you are looking for you can find it here. Come check it out! Check out the walk through video on the Photos Tab

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
 

$247,500$302,500$275,000

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 -$1,015
Property Tax -$145
Property Insurance -$73
HOA -$20
Property Management Fees -$99
CASH FLOW
$298

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.

$275,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.60%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$54,900

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
  • $0.71

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,6504$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 31377 N Mesquite Way San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 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
    •  
  • 31738 N Cheyenne Drive San Tan Valley, AZ 2
    • 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
    •  
  • 31325 N Shale Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2004
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 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
Christie Ellis
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163107
Last Updated: 11/21/2020
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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