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3701 E Longhorn Street San Tan Valley, AZ 85140

5 Beds 3 Baths 2,481 sqft Built 2006

$325,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $131.00
  • 3 Days on Market
  • MLS # : 6181329
  • Updated Date : 01/16/2021 at 15:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,481 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Fantastic Clean Family Home. 5 BR, 3 full BA PLUS a ''loft'' office/homewk area sep from the 5 BRs! Beautiful upgraded kitchen, Granite Countertops, Gorgeous Tall 42'' Cabinets, Can lights, smoothtop range, like new! Walk in Pantry too! 1 BR and BA w/shower downstairs, and 4 BR/2BA and office loft up. Master BR separate tub and shower, dual vanities and IMMENSE walk in closet w/natural light from windows in closet. Ceiling Fans throughout. Liv Rm and Fam Rm, so plenty of room to stretch out. HUGE Backyard! A blank slate for your dreams. Extended Patio is South Facing, so cooler in summer, warmer in winter. Dual pane windows, 2 car garage. Security system, water softener, refrig and front load W/D included, all working and As IS. Great Natural Light. Original Owner.

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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,129
Property Tax -$192
Property Insurance -$76
HOA -$60
Property Management Fees -$99
CASH FLOW
$155

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.

$325,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.53%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$33,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5753$1,6004$1,7105$1,900
$1,900
RENT COMPS ANALYSIS
  • 3701 E Longhorn Street San Tan Valley, AZ 4
    • 5 beds 3 baths ∙ 2,481 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,481 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.69
    •  
  • 1413 E Kelsi Avenue San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2007
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.68
    •  
  • 1788 E Jeanne Lane San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2007
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
  • 4249 E Rousay Drive San Tan Valley, AZ 3
    • 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
    •  
  • 4356 E Amarillo Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Erich Sielaff
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181329
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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