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37839 N Jonathan Street San Tan Valley, AZ 85140

3 Beds 2 Baths 1,291 sqft Built 2007

$295,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $228.51
  • 4 Days on Market
  • MLS # : 6199050
  • Updated Date : 02/27/2021 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,291 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Amazing single story home with a fabulous heated pool and spa that was just added in 2018 can now be yours! Great backyard with no neighbors behind. The outdoor space is ready for your creativity to complete your backyard oasis. Inside, this adorable home shows pride of ownership. Newly painted interior and exterior with nice finishes throughout. 3 bedrooms plus bonus space. This is a rare find and will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9681882

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$1,025
Property Tax -$172
Property Insurance -$52
HOA -$17
Property Management Fees -$99
CASH FLOW
-$165

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.

$295,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,194

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3503$1,3994$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 37839 N Jonathan Street San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 38023 N Jonathan Street San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2008
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 1756 E Leslie Avenue San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.92
    •  
  • 508 E Daniella Drive San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.95
    •  
  • 422 E Leslie Avenue San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tara D. Massey
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199050
Last Updated: 02/27/2021
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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