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3611 E Thames Way San Tan Valley, AZ 85140

4 Beds 2 Baths 2,231 sqft Built 2005

$374,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $168.04
  • 2 Days on Market
  • MLS # : 6187660
  • Updated Date : 01/30/2021 at 00:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,231 sqft
  • Baths : 2 full
Listing Agent

Avenew Realty Inc

Listing Agent's Description

Immaculate MOVE IN READY 4 bed 2 bathroom home in desirable Castlegate! You're going to LOVE the modern upgrades including designer 3 tone paint, fresh exterior paint and new hardware throughout! All rooms have been updated with LED light fixtures and ceiling fans, NEW Dreamweaver carpet & waterproof LVP flooring! Backs retention area, no neighbor behind. Generously updated home is ready for your personal touch! Don't miss out, come view today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
 

$337,410$412,390$374,900

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 -$1,302
Property Tax -$181
Property Insurance -$71
HOA -$60
Property Management Fees -$99
CASH FLOW
-$233

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.

$374,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,788

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
  • $0.66

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4803$1,4994$1,6005$1,645
$1,645
RENT COMPS ANALYSIS
  • 3611 E Thames Way San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,231 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.66
    •  
  • 40480 N Scott Way San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2004
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.69
    •  
  • 2487 E Meadow Chase Drive San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.65
    •  
  • 4249 E Rousay Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2005
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 1921 E Andalusian Loop San Tan Valley, AZ 5
    • 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.67
    •  
PROPERTY LISTING DETAILS
Trisha A. Carroll
Avenew Realty Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187660
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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