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405 E Castle Rock Road San Tan Valley, AZ 85143

4 Beds 3 Baths 2,687 sqft Built 2015

$374,999

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $139.56
  • 1 Days on Market
  • MLS # : 6187960
  • Updated Date : 01/31/2021 at 01:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,687 sqft
  • Baths : 2 full , 1 half
Listing Agent

Two Brothers Realty

Listing Agent's Description

Welcome home to this lovely 2015 Shea Build, with 4 Bedrooms, 3 Bathrooms, & Tandem 3 Car Garage. Single Level Home with a Bonus Room Upstairs, perfect for a game room, office, play room, loft space, etc! Open Kitchen Features Quartz Countertops, Farm Sink, Stainless Appliances, Big Kitchen Island, & Eat-In Dining Area. Main level features 3 Bedrooms, Office, & 2 Full Bathrooms. Master Suite with separate soaking tub, shower stall, & water closet. Master boasts a new ceiling fan, sizable walk- in-closet, & access into the backyard. Bonus Room upstairs with vaulted ceilings offers another bedroom and bathroom with walk in shower! This Home will not last long! Former buyer could not qualify, their loss is your gain! Hurry in today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Poston Butte High School High Regular 1,801 79 4

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$337,499$412,499$374,999

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,303
Property Tax -$198
Property Insurance -$80
HOA -$22
Property Management Fees -$99
CASH FLOW
-$31

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.

$374,999

PROJECTED PRICE

$1,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$0.0$5.0k$10k$15k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$20,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,4954$1,6705$1,675
$1,675
RENT COMPS ANALYSIS
  • 405 E Castle Rock Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.62
    •  
  • 28946 N Saddle Way San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.56
    •  
  • 28984 N Agave Road San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.55
    •  
  • 1137 E Canyon Trail San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.56
    •  
  • 29071 N Cactus Circle San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.63
    •  
PROPERTY LISTING DETAILS
Lauren Adelson
Two Brothers Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187960
Last Updated: 01/31/2021
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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