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38398 N Tumbleweed Lane San Tan Valley, AZ 85140

3 Beds 2 Baths 1,919 sqft Built 2005

$366,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $191.19
  • 5 Days on Market
  • MLS # : 6208390
  • Updated Date : 03/19/2021 at 00:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Photos coming soon. This beautiful 3 bedroom, 2 bathroom has vaulted ceilings, a bonus room that's perfect for a home office, and a backyard that will be your personal oasis! The kitchen boasts granite countertops, sleek appliances, and a large island. After a long day, retire to the primary bedroom suite which includes a walk-in closet and a private bathroom with double vanity sinks and a separate soaking tub. The backyard is simply idyllic; a shimmering private pool and gorgeous landscaping are sure to dazzle. Outdoor activity is easy to come back with Encanterra Golf Club less than 10 minutes away, and San Tan Mountain Regional Park about 20 minutes away!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85140

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
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
 

$330,210$403,590$366,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,274
Property Tax -$214
Property Insurance -$65
HOA -$60
Property Management Fees -$99
CASH FLOW
-$192

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.

$366,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,979

INVESTMENT

$102,979

Down Payment
$91,725
Rehab Estimate
$5,750
Closing Costs
$5,504

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,274

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,725
Loan Amount $275,175
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,4253$1,5204$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 38398 N Tumbleweed Lane San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.79
    •  
  • 40436 N Burwick Way San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
  • 38559 N Dolores Drive San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
  • 324 W Organ Pipe Drive San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2019
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 38276 N La Grange Lane San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2007
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208390
Last Updated: 03/19/2021
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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