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39950 N Calabria Street San Tan Valley, AZ 85140

3 Beds 3 Baths 1,413 sqft Built 2002

$308,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $217.98
  • 2 Days on Market
  • MLS # : 6206774
  • Updated Date : 03/13/2021 at 21:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,413 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Remodeled home with NO carpet in the entire house, on the Links at Queen Creek Golf Course! 3 bedrooms, 2.5 bathroom, with soaring ceiling in the living room and modern kitchen with all SS appliances, a breakfast nook looking out to the backyard. Upstairs master suite has a balcony with views, double vanity and walk in closet, and 2 other bedrooms with planation shutters and a ceiling fan in each room. Washer and dryer upstairs. New 5 ton heat pump condenser 2020; new SS dishwasher 2020; new washer 2020; newer hot water heater 2018; exterior painted 2019. Desert landscape front and back, with 2 mesquite trees in the front (currently trimmed way back) and synthetic grass in the back. Shopping, schools and an Urgent Care all nearby. Owner/agent property.

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
 

$277,200$338,800$308,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,070
Property Tax -$164
Property Insurance -$55
HOA -$50
Property Management Fees -$99
CASH FLOW
-$187

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.

$308,000

PROJECTED PRICE

$1,250

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$87,370

INVESTMENT

$87,370

Down Payment
$77,000
Rehab Estimate
$5,750
Closing Costs
$4,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,000
Loan Amount $231,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,258

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3254$1,3505$1,365
$1,365
RENT COMPS ANALYSIS
  • 39950 N Calabria Street San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 1,413 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,413 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 866 E Lamonte Street San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2002
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 1165 E Nardini Street San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 842 E Impreria Street San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 930 E Nardini Street San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,592 Sqft ∙ Built 2001
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tong Williamson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206774
Last Updated: 03/13/2021
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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