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3402 E Morenci Road San Tan Valley, AZ 85143

3 Beds 3 Baths 2,544 sqft Built 2004

$350,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.58
  • 2 Days on Market
  • MLS # : 6196730
  • Updated Date : 02/27/2021 at 20:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canyon Sky Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in San Tan Valley, this 3 bed, 2.5 bath property boasts a stunning facade with desert landscaping, 3 car garage, and much more! Step inside and you will find large dining and living areas along with a spacious loft, and designer paint throughout. The fabulous kitchen offers ample cabinetry with crown molding, a pantry, and all the high-end appliances you'll need for improving your cooking skills! The grandiose master bedroom will leave you speechless, with its large walk-in closet and full bath equipped with a dual vanity! Finally, the stunning backyard features a covered patio, seating area, built-in BBQ, and a refreshing pool, everything you need for an unforgettable summer cookout! Book a showing 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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,216
Property Tax -$185
Property Insurance -$77
HOA -$91
Property Management Fees -$99
CASH FLOW
-$297

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.

$350,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.39%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,663

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
  • $1,488

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 3402 E Morenci Road San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3705 E Sierrita Road San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2005
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.54
    •  
  • 2849 E Bagdad Road San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.57
    •  
  • 4014 E Superior Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 28446 N Dolomite Lane San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 2,654 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,654 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.57
    •  
PROPERTY LISTING DETAILS
Jessica D Noble
Canyon Sky Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196730
Last Updated: 02/27/2021
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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