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3220 E Denim Trail San Tan Valley, AZ 85143

5 Beds 3 Baths 2,901 sqft Built 2005

INVESTimate

$370,000

List Price

$1,560

$1,404 - $1,716

Rent Est.

$398,601  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $127.54
  • 2 Days on Market
  • MLS # : 6122480
  • Updated Date : 08/25/2020 at 17:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,901 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Striking in San Tan Valley! Let the curb appeal draw you into this highly upgraded 5 bedroom & 2.5 bath home with just over 2,900 sqft. As you enter you will notice the soaring ceilings and spacious layout. Oversized tile, carpet, and custom moulding span the entire residence. Kitchen has been upgraded with dark, rich cabinets, stainless steel appliances, and granite countertops. Plenty of space to entertain with surround sound speakers throughout. All bathrooms have granite countertops including the loft desks. Master Bathroom has custom tile work with a frameless glass shower enclosure. Soft water and water filtration system installed. Relax in your private backyard with extra breathing room since it backs to the common area. Come view your next home today!

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
Magma Ranch K-8 School Primary Regular 788 35 4
Magma Ranch K-8 School Middle Regular 788 35 4
Poston Butte High School High Regular 1,801 79 4

Magma Ranch K-8 School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Magma Ranch K-8 School

  • Education Level: Middle
  • # of students: 788
  • # of teachers: 35
4
GreatSchools Rating

Poston Butte High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,365
Property Tax -$195
Property Insurance -$84
HOA -$72
Property Management Fees -$99
CASH FLOW
-$255

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.

$370,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4754$1,4755$1,525
$1,525
RENT COMPS ANALYSIS
  • 3220 E Denim Trail San Tan Valley, 1
    • 5 beds 3 baths ∙ 2,901 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,901 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1272 E Dragon Fly Court San Tan Valley, 2
    • 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2016
    LEASED 03/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.53
    •  
  • 811 E Dust Devil Circle San Tan Valley, 3
    • 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2005
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.55
    •  
  • 28984 N Agave Road San Tan Valley, 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.55
    •  
  • 30532 N Honeysuckle Drive San Tan Valley, 5
    • 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,654 Sqft ∙ Built 2004
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.57
    •  
PROPERTY LISTING DETAILS
David M. Karaffa
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122480
Last Updated: 08/25/2020
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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