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40424 N Scott Way San Tan Valley, AZ 85140

3 Beds 2 Baths 1,449 sqft Built 2005

$279,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $193.17
  • 2 Days on Market
  • MLS # : 6207073
  • Updated Date : 03/13/2021 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,449 sqft
  • Baths : 2 full
Listing Agent

Power Realty Group Model Home Center

Listing Agent's Description

Welcome home! This charming property nestled in San Tan Valley is now on the market! This beauty with a charming curb appeal sits on a corner lot boasting a low maintenance front yard, shaded trees, and a 2 car garage. Bright and dreamy interior features soaring vaulted ceilings, grey paint, 3 gorgeous bedrooms, 2 baths, and a cozy living room adjacent to kitchen that also includes patio access. Fabulous kitchen showcases all matching white appliances, honey oak cabinetry, pantry, and breakfast bar. In the owner's suite, you'll find bay windows, a private bathroom and mirrored closets adding to its beauty. Large backyard is comprised of a covered patio and has tons of potential for you to personalize to your liking. Don't miss out. Call to schedule a showing before it's gone!

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$972
Property Tax -$135
Property Insurance -$55
HOA -$20
Property Management Fees -$99
CASH FLOW
-$52

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.

$279,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.44%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,257

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,2753$1,3454$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 40424 N Scott Way San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.85
    •  
  • 4506 E Meadow Land Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2005
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.89
    •  
  • 40436 N Burwick Way San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
  • 40638 N Burwick Way San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2005
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 4908 E Sandwick Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2003
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.89
    •  
PROPERTY LISTING DETAILS
Courtney A Yant-haug
Power Realty Group Model Home Center
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207073
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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