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40036 N Orkney Way San Tan Valley, AZ 85140

6 Beds 3 Baths 2,898 sqft Built 2005

$395,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $136.30
  • 4 Days on Market
  • MLS # : 6169328
  • Updated Date : 12/12/2020 at 18:44
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,898 sqft
  • Baths : 3 full
Listing Agent

Big Door Realty, Llc

Listing Agent's Description

Incredibly well cared for home with many energy efficient upgrades, low utilities. Large loft/playroom upstairs.Owner took pride in their home and who took the time and money to add many upgrades, insulation, etc. Priced to sell quickly.

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
Kathryn Sue Simonton Elementary School Primary Regular 502 23 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Kathryn Sue Simonton Elementary School

  • Education Level: Primary
  • # of students: 502
  • # 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,457
Property Tax -$191
Property Insurance -$84
HOA -$65
Property Management Fees -$99
CASH FLOW
-$246

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.

$395,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,516

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
  • $1,864

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5504$2,095
$2,095
RENT COMPS ANALYSIS
  • 40036 N Orkney Way San Tan Valley, AZ 1
    • 6 beds 3 baths ∙ 2,898 Sqft ∙ Built 2005 6 beds 3 baths ∙ 2,898 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3570 E Longhorn Street San Tan Valley, AZ 2
    • 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.57
    •  
  • 40528 N Las Praderas Street San Tan Valley, AZ 3
    • 5 beds 3 baths ∙ 2,656 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,656 Sqft ∙ Built 2002
    property image
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 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
Nancy Castro
Big Door Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169328
Last Updated: 12/12/2020
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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