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38370 N Beverly Avenue San Tan Valley, AZ 85140

3 Beds 2 Baths 2,151 sqft Built 2007

$349,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $162.67
  • 3 Days on Market
  • MLS # : 6167987
  • Updated Date : 12/04/2020 at 17:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

3 bedroom / 2 bathroom plus den home in the highly desirable subdivision of Pecan Creek South HOA! The kitchen offers stainless steel appliances, gas range, kitchen island, walk in pantry and granite countertops to an open floor plan living room. The master has an en-suite PLUS a large walk in closet! Backyard offers a sparkling pool and water feature along with firepit to enjoy those Arizona nights. Do not miss this opportunity, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Pecan Creek

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,291
Property Tax -$204
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
-$250

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.

$349,900

PROJECTED PRICE

$1,430

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,812

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4493$1,4504$1,4955$1,645
$1,645
RENT COMPS ANALYSIS
  • 38370 N Beverly Avenue San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.66
    •  
  • 38007 N Luke Lane San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.66
    •  
  • 38099 N Rusty Lane San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2006
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 38552 N Beverly Avenue San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 469 E Penny Lane San Tan Valley, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Azia Coleman
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167987
Last Updated: 12/04/2020
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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