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4322 E Whitehall Drive San Tan Valley, AZ 85140

4 Beds 3 Baths 2,267 sqft Built 2005

$275,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $121.31
  • 9 Days on Market
  • MLS # : 6148890
  • Updated Date : 10/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 3 full
Listing Agent

A & M Management Of Arizona

Listing Agent's Description

Home is tenant occupied, see remarks for showing instructions, tenant contact and lockbox locations. Month To Month Lease. Rental rate $1500. Investor buyers please indicate in your PC if you want the tenant to vacate at closing. SPACIOUS TWO STORY HOME WITH 4 BEDROOMS, LOFT AREA, THREE CAR GARAGE, FORMAL LIVING ROOM, OPEN GREAT ROOM CONCEPT FOR FAMILY ROOM AND KITCHEN AREA.

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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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,015
Property Tax -$149
Property Insurance -$71
HOA -$20
Property Management Fees -$99
CASH FLOW
$126

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.

$275,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.54%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$33,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,638

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4803$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 4322 E Whitehall Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.65
    •  
  • 40480 N Scott Way San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2004
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.69
    •  
  • 3807 E Sandwick Drive San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2003
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 4924 E Meadow Land Drive San Tan Valley, AZ 4
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2003
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 4249 E Rousay Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2005
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
PROPERTY LISTING DETAILS
Maria Todd
A & M Management Of Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148890
Last Updated: 10/26/2020
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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