Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

35612 N Murray Grey Drive San Tan Valley, AZ 85143

3 Beds 3 Baths 2,031 sqft Built 2006

$299,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $147.66
  • 7 Days on Market
  • MLS # : 6180391
  • Updated Date : 01/18/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,031 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Coming Soon! Beautiful 3 bedroom, 2.5 Bath with Loft. Large Formal Living/Dinning Room and Vaulted Ceilings. Open and Bright Kitchen with Breakfast Bar and Center Island. Master Suite includes walk-in closet, secondary closet, full bath with separate shower and soaking tub. Large Backyard is a blank slate, ready for Buyer to put in their own landscaping! Professional Pics coming soonWe will host a few different open houses for Agents and their clients to walk through. No showings at this time.

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,042
Property Tax -$158
Property Insurance -$67
HOA -$50
Property Management Fees -$99
CASH FLOW
$14

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.

$299,900

PROJECTED PRICE

$1,430

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,594

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5753$1,5904$1,6005$1,785
$1,785
RENT COMPS ANALYSIS
  • 35612 N Murray Grey Drive San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.70
    •  
  • 1732 W Desert Spring Way Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2013
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.83
    •  
  • 1057 W Deoni Trail San Tan Valley, AZ 3
    • 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
    •  
  • 1672 W Paisley Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 1712 W Loemann Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2012
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.81
    •  
PROPERTY LISTING DETAILS
Tricia Bonlender
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180391
Last Updated: 01/18/2021
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.

BESbswy