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35396 N Belgian Blue Court San Tan Valley, AZ 85143

4 Beds 2 Baths 2,177 sqft Built 2004

$309,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $141.94
  • 5 Days on Market
  • MLS # : 6153719
  • Updated Date : 10/29/2020 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,177 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

This well maintained home sits on a large lot backing to beautiful open space. This wonderful split floorplan is perfect for space and privacy. The eat in kitchen opens to the family room and features oak cabinetry, stainless appliances, gas range, glass tile backsplash, pantry and breakfast bar. Sliding door leads out to the covered patio and huge backyard with grass, trees and gardening area sure to be a relaxing space for everyone. Having ample storage and no carpet in the whole house are just a few of the awesome options in this home and another reason to secure your 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
Circle Cross Ranch K-8 School Primary Regular 786 35 5
Circle Cross Ranch K-8 School Middle Regular 786 35 5
Poston Butte High School High Regular 1,801 79 4

Circle Cross Ranch K-8 School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Circle Cross Ranch K-8 School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$278,100$339,900$309,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,140
Property Tax -$163
Property Insurance -$70
HOA -$50
Property Management Fees -$99
CASH FLOW
-$42

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.

$309,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.48%

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

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$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,770

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5903$1,6004$1,6005$1,649
$1,649
RENT COMPS ANALYSIS
  • 35396 N Belgian Blue Court San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,177 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.68
    •  
  • 1057 W Deoni Trail San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2012
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.78
    •  
  • 838 W Hereford Drive San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2009
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 987 W Deoni Trail San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2012
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 396 W Corriente Court San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
PROPERTY LISTING DETAILS
Terra A. Mccormick
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153719
Last Updated: 10/29/2020
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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