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347 W Salali Trail San Tan Valley, AZ 85140

3 Beds 2 Baths 1,608 sqft Built 2018

$300,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $186.57
  • 2 Days on Market
  • MLS # : 6157804
  • Updated Date : 11/07/2020 at 20:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Wise Realty Az

Listing Agent's Description

LIKE-NEW single-story home, in highly desirable Meadows. This home will appease every buyer. Tile throughout main living areas of home, with carpet in bedroom and wood laminate in bedrooms. Energy efficient home with a smart thermostat. Gorgeous chef's kitchen boasts of upgraded cabinetry and lighting, stunning granite counter-tops, stainless steel appliances and so much more! Large sized backyard ready to have your buyers personal touches added.

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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,107
Property Tax -$175
Property Insurance -$59
HOA -$66
Property Management Fees -$99
CASH FLOW
-$45

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.

$300,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$17,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,467

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4953$1,4954$1,5255$1,575
$1,575
RENT COMPS ANALYSIS
  • 347 W Salali Trail San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.91
    •  
  • 318 W Mammoth Cave Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 628 W Panola Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2018
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 324 W Powell Drive San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2020
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.92
    •  
  • 1291 W Brangus Way San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 2008
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.90
    •  
PROPERTY LISTING DETAILS
Emily Lopez
Wise Realty Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157804
Last Updated: 11/07/2020
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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