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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
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
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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
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167987
Last Updated: 12/04/2020
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.
