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456 E Canyon Rock Road San Tan Valley, AZ 85143

4 Beds 2 Baths 1,842 sqft Built 2014

$339,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $184.53
  • 2 Days on Market
  • MLS # : 6176581
  • Updated Date : 01/10/2021 at 01:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,842 sqft
  • Baths : 2 full
Listing Agent

Paramount Properties Of Arizona Llc

Listing Agent's Description

Welcome to one of the newer group of homes in the popular Johnson Ranch Community. 4 bedroom, 2 bath split floorplan home is tasteful from the front door all the way through to the gorgeous backyard with its extended paver patio, pergola, & desert landscaping. Kitchen has a fabulous large island (granite) lots of upgraded cabinets & counters & comes with all the kitchen stainless appliances, plus the washer & dryer. Reverse osmosis & a water softener also. 10 ft high ceiling add additional space to the open concept home. Add to that the neutral color flooring & paint + wonderful plantation shutters, and you have a modern and move in ready home that has been lovingly maintained with very minimal use. This home is also very conveniently located to one of the community pools.

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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,181
Property Tax -$179
Property Insurance -$63
HOA -$23
Property Management Fees -$99
CASH FLOW
$45

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.

$339,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.47%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$24,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4494$1,5905$1,600
$1,600
RENT COMPS ANALYSIS
  • 456 E Canyon Rock Road San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.86
    •  
  • 8 W Cooper Canyon Road San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2006
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 310 E Mountain View Road San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 2002
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 788 E Canyon Rock Road San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.76
    •  
  • 28683 N Sedona Place San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
PROPERTY LISTING DETAILS
Elizabeth Amb
Paramount Properties Of Arizona Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176581
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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