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35003 N Mashona Trail San Tan Valley, AZ 85143

4 Beds 3 Baths 2,420 sqft Built 2004

$315,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $130.17
  • 2 Days on Market
  • MLS # : 6187670
  • Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,420 sqft
  • Baths : 3 full
Listing Agent

Ah Properties

Listing Agent's Description

Professional Photos 02/02/2021. Newly Remodeled Spacious 4 Bedroom Home in Desirable Circle Cross Ranch, New Flooring, New Paint, Upgraded Appliances, Faux Granite Countertops, Upgrade Flooring, Large Formal Living Room, Formal Dining, Spacious Family Room, Open Kitchen with Large Kitchen Island, Bedroom Downstairs with Full Bath, Vaulted Ceilings, All Appliances, Split & Spacious Master Suite, Full Master Bath, Double Sinks, Private Toilet, Spacious Walk In Closet, Long Overlook, 3 Bedrooms Up, Well Maintained, Dual A/C Units, Programmable Thermostats, Large Back Yard, Desert Landscaping with Low Maintenance & Water Usage, 2 Car Garage, Close to Schools, Shopping, Restaurants, Parks, San Tan Flats, The Olive Mill, Golf......

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,094
Property Tax -$166
Property Insurance -$74
HOA -$50
Property Management Fees -$99
CASH FLOW
$46

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.

$315,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.49%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$22,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5753$1,6504$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 35003 N Mashona Trail San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.63
    •  
  • 34543 N Mirandesa Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.61
    •  
  • 33507 N Slate Creek Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 34994 N Barzona Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 699 W Fruit Tree Lane San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
PROPERTY LISTING DETAILS
Allen Kelley
Ah Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187670
Last Updated: 01/30/2021
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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