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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $191.30
- 2 Days on Market
- MLS # : 6184939
- Updated Date : 01/23/2021 at 16:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,300 sqft
- Baths : 3 full
Listing Agent
Prosmart Realty
Listing Agent's Description
Unbelievable, highly upgraded home that is an entertainers dream! 4 bed, 3 full bath home on prime lot adjacent to open space with only 1 neighbor. Split floor plan with 2 bed/1 bath on one side of the entry, 1 bed/1bath on the other side of the entry, and the master bed/master bath on the opposite side of the home. Kitchen includes gorgeous upgraded cabinets, huge pantry, oversized granite and stone accent island, stainless GE appliances, custom backsplash & open view to the family room, dining room and outdoor patio. Outdoor patio includes full outdoor kitchen and covered gazebo to spend your evenings looking out at the open space and Olive Mill fireworks. 2-car Garage includes overhead racks for all your storage needs. No expense spared in this meticulously cared for home!
SEE MORE
PRICE & RENT TRENDS
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,528 |
| Property Tax | -$257 | |
| Property Insurance | -$72 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$377
|
||
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.
$440,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
1.42
YEARS SAVED
$3,277
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,788
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
37104 N Big Bend Road San Tan Valley, AZ 1
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $0
- $0.00
-
373 E Daniella Drive San Tan Valley, AZ 2
- 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2006
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.73
-
469 E Penny Lane San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2009
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,645
- $0.75
-
333 W Pelipa Drive San Tan Valley, AZ 4
- 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,880
- $0.81
-
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
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,900
- $0.82
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184939
Last Updated: 01/23/2021
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.
