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38623 N Dolores Drive San Tan Valley, AZ 85140

4 Beds 3 Baths 1,676 sqft Built 2005

$295,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $176.01
  • 5 Days on Market
  • MLS # : 6198452
  • Updated Date : 02/24/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,676 sqft
  • Baths : 3 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

Spacious 4 bedroom/3 bathroom home in the highly desired Laredo Ranch neighborhood.One of the bedrooms is a ''guest suite'' split w/ its own bathroom giving privacy from the rest of the home. Open spacious feel with vaulted ceilings in the family room and kitchen. The home sits on a oversized lot with large grassy backyard area and dog run/garden beds in the side yards. The home boasts a 2.5 tandem garage for additional storage, new exterior paint, new water heater and newer AC unit ($13k cost) **Flooring needs replacing**

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
 

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

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,025
Property Tax -$172
Property Insurance -$60
HOA -$60
Property Management Fees -$99
CASH FLOW
-$86

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

$1,330

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$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 50% 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

4

YEARS SAVED

$10,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,399

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,4004$1,4255$1,750
$1,750
RENT COMPS ANALYSIS
  • 38623 N Dolores Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.79
    •  
  • 38495 N Dolores Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 4962 E Alamo Street #lot 695 San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2015
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 38559 N Dolores Drive San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 2005
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
  • 324 W Organ Pipe Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2019
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
PROPERTY LISTING DETAILS
Melanie J Scow
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198452
Last Updated: 02/24/2021
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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