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448 W Nikita Drive San Tan Valley, AZ 85140

3 Beds 2 Baths 2,005 sqft Built 2018

$355,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $177.06
  • 2 Days on Market
  • MLS # : 6206556
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Farmhouse fresh are the two words that come to mind - This lovely 3 bedroom with a den, 2 bath home has so much to offer and shows a true pride of home ownership! As you walk in there is beautiful grey/brown plank wood look tile. The kitchen has lovely white staggered cabinets with a gorgeous subway tile backsplash and a barn door that goes in front of the pantry. The laundry room is spacious with upper cabinets. The backyard has been beautifully landscaped with artificial turf and pavers. The garage has epoxy flooring and an insulated garage door. Close to the Olive Mill, Schnepf Farms, and to downtown Queen Creek! This home has been well cared for - come and take a look!

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,233
Property Tax -$207
Property Insurance -$66
HOA -$66
Property Management Fees -$99
CASH FLOW
-$171

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.

$355,000

PROJECTED PRICE

$1,500

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-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,5994$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 448 W Nikita Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 237 W Chaska Trail San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2020
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 332 W Pelipa Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2019
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.80
    •  
  • 36217 N Urika Drive San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2018
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 340 W Powell Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2020
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
PROPERTY LISTING DETAILS
Maryelisabeth Wolf
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206556
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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