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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $151.12
- 5 Days on Market
- MLS # : 6166729
- Updated Date : 12/02/2020 at 13:57
CONSTRUCTION
- Beds : 3
- Floor Size : 2,150 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Excellent opportunity in the highly sought after San Tan Valley community of Johnson Ranch! One of DR Horton's most popular floor plans offers a large single-level layout with 3 bedrooms, and two bathrooms. Spacious eat-in kitchen with island, breakfast bar, granite countertops and stainless steel appliances. Master suite offers dual vanities, separate tub/shower and walk-in closet. Large backyard with covered patio and grass - TENANT OCCUPIED - lease is in place until February, 2021 and must be honored - tenant would prefer to renew, if possible.
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$172 | |
| Property Insurance | -$69 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$170
|
||
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.
$324,900
PROJECTED PRICE
$1,390
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
3.25
YEARS SAVED
$10,186
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
-
$1,548
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $1,570
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117 W Grey Stone Street San Tan Valley, AZ 4
- 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,590
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66 W Castle Rock Road San Tan Valley, AZ 5
- 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2006
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166729
Last Updated: 12/02/2020
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.
