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38710 N Jonathan Street San Tan Valley, AZ 85140

4 Beds 2 Baths 1,909 sqft Built 2007

$285,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $149.29
  • 3 Days on Market
  • MLS # : 6167480
  • Updated Date : 12/06/2020 at 00:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous 4bed 2bath single story home on one of the best lots in Pecan Creek South. Walk in and notice this home features beautiful vaulted ceilings and archways that separate this home from all the cookie cutter homes you see nowadays. SS appliances, Tile in all the right places, Double doors to the large master suite. Large corner lot on a quiet street. Close to parks, schools and shopping.

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,052
Property Tax -$166
Property Insurance -$64
HOA -$17
Property Management Fees -$99
CASH FLOW
$102

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.

$285,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.53%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$31,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,575

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,5954$1,5995$1,645
$1,645
RENT COMPS ANALYSIS
  • 38710 N Jonathan Street San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1731 E Melanie Street Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,065 Sqft ∙ Built 2007
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 1171 E Chelsea Drive San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 1578 E Maddison Circle San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.86
    •  
  • 1321 E Baker Drive San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2008
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.86
    •  
PROPERTY LISTING DETAILS
Blanca D Moreno
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167480
Last Updated: 12/06/2020
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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