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39241 N Carolina Avenue San Tan Valley, AZ 85140

3 Beds 2 Baths 2,126 sqft Built 2004

$339,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $159.88
  • 3 Days on Market
  • MLS # : 6194950
  • Updated Date : 02/19/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,126 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This view lot home has a 3 CAR GARAGE and an RV Gate! Three bedrooms, 2 bathrooms plus an open den/office in the highly desirable subdivision of Pecan Creek North. Open kitchen/great room floor plan with a kitchen island. Master has a large bathroom and huge closet. You can access the backyard from the master to enjoy sitting on the covered patio enjoying the Arizona weather. Large backyard with a view fence. Schedule your showing today!

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
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,181
Property Tax -$198
Property Insurance -$69
HOA -$48
Property Management Fees -$99
CASH FLOW
-$134

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.

$339,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.43%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5453$1,5954$1,5955$1,699
$1,699
RENT COMPS ANALYSIS
  • 39241 N Carolina Avenue San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.69
    •  
  • 39405 N Marla Circle San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.76
    •  
  • 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
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 39592 N George Way San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2005
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 726 E Baker Drive San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.79
    •  
PROPERTY LISTING DETAILS
Michelle Lynn Bock
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194950
Last Updated: 02/19/2021
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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