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37243 N Fossil Butte Court 
San Tan Valley, AZ
85140
4 Beds 3 Baths 2,315 sqft
Built 2017
INVESTimate
$350,000
List Price
$98,500
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $151.19
- 2 Days on Market
- MLS # : 6122159
- Updated Date : 08/24/2020 at 19:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,315 sqft
- Baths : 3 full
Listing Agent
Prosmart Realty
Listing Agent's Description
Looking for your own private oasis with a PEBBLE TECH POOL on just shy of a 1/4 ACRE LOT? Then this 4 bedroom, 3 bathroom home in The Parks is for you. Home is located in a cul de sac and backs up to a green space for added privacy. Kitchen features granite countertops; gas stove; pendant lights; stainless appliances; kitchen island and walk-in pantry. The master bedroom/bath offers soaking tub with separate extra wide shower, double vanities, water closet and walk-in closet. Additional property features: ceramic tile throughout the home; carpet only in bedrooms; 2 of 3 additional bedrooms have walk-in closets; large laundry room and wood burning fire pit. Swimming pool was installed in 2018.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$220 | |
| Property Insurance | -$72 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$104
|
||
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.
$350,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.66% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.17
YEARS SAVED
$15,842
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
-
$1,794
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
37243 N Fossil Butte Court San Tan Valley, 1
- 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $0
- $0.00
-
373 E Daniella Drive San Tan Valley, 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
-
1063 W Brangus Way San Tan Valley, 3
- 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2012
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,625
- $0.74
-
333 W Pelipa Drive San Tan Valley, 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, 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 #: 6122159
Last Updated: 08/24/2020
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.
