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3912 E Meadow Creek Way Way San Tan Valley, AZ 85140

5 Beds 3 Baths 3,025 sqft Built 2005

$365,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $120.66
  • 4 Days on Market
  • MLS # : 6156477
  • Updated Date : 11/05/2020 at 10:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,025 sqft
  • Baths : 3 full
Listing Agent

Arizona Elite Properties

Listing Agent's Description

5 BED, 3 BATH SINGLE STORY UNDER $400,000!!! VAULTED CEILINGS, SPLIT FLOOR PLAN WITH UNLIMITED SPACE, OPEN KITCHEN, PANTRY. INSIDE LAUNDRY. 2 CAR GARAGE, 3,025 SQ FEET WITH COVERED PATIO OUT BACK. THE LOT SIZE IS 8,258. THIS HOME IS SOLD AS IS AND WILL BE AVAILABLE AFTER NOVEMBER 15, 2020. HOA $180.00 EVERY 3 MONTHS. BEAUTIFUL NEIGHBORHOOD WITH ACCESS TO ALL THAT YOU WOULD WANT AND NEED.DO NOT MISS OUT ON THIS DIAMOND IN THE ROUGH! i WILL UPDATE THE PICTURES AS SOON AS i CAN. THANK YOU

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
Ranch Elementary School Primary Regular 525 23 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Ranch Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 23
4
GreatSchools Rating

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,347
Property Tax -$211
Property Insurance -$86
HOA -$20
Property Management Fees -$99
CASH FLOW
$168

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.

$365,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.53%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$45,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,037

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8753$1,9304$2,095
$2,095
RENT COMPS ANALYSIS
  • 3912 E Meadow Creek Way Way San Tan Valley, AZ 3
    • 5 beds 3 baths ∙ 3,025 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,025 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.64
    •  
  • 4282 E Rousay Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.62
    •  
  • 1319 E Debbie Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2008
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 3969 E Brae Voe Way San Tan Valley, AZ 4
    • 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.78
    •  
PROPERTY LISTING DETAILS
Shelley Pelky
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156477
Last Updated: 11/05/2020
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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