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36056 N Matthews Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 2,228 sqft Built 2012

$400,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $179.53
  • 3 Days on Market
  • MLS # : 6190568
  • Updated Date : 02/06/2021 at 18:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This beautiful home has a resort-style backyard & offers 4 bedrooms & 2 baths in 2228 SqFt with an open front living room, spacious great room, & split bedrooms. The kitchen features staggered dark maple cabinetry with crown molding, granite counters, glass tile backsplash, stainless appliances, island with breakfast bar, & walk-in pantry. The great room has a custom feature wall with stacked stone accents, surround sound, & French doors leading out to the backyard. You'll love the heated, salt-water pool with waterfall, extensive travertine paver decking, pergola-covered sitting area, firepit, built-in BBQ island with bar seating, & covered patio with ceiling fan, misting system, flat screen tv & ceiling speakers. The master bedroom has a bay window & en-suite bath with dual sink vanity,*

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
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,389
Property Tax -$233
Property Insurance -$71
HOA -$50
Property Management Fees -$99
CASH FLOW
-$82

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.

$400,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.44%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,294

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7603$1,8804$1,8995$1,900
$1,900
RENT COMPS ANALYSIS
  • 36056 N Matthews Drive San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,228 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.79
    •  
  • 1672 W Paisley Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 333 W Pelipa Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.81
    •  
  • 610 W Belmont Red Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2018
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.83
    •  
  • 300 W Pelipa Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2019
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190568
Last Updated: 02/06/2021
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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