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478 E Poncho Lane San Tan Valley, AZ 85143

4 Beds 3 Baths 2,649 sqft Built 2003

$449,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $169.84
  • 2 Days on Market
  • MLS # : 6187938
  • Updated Date : 01/30/2021 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,649 sqft
  • Baths : 2 full , 1 half
Listing Agent

Red Brick Realty, Llc

Listing Agent's Description

Great opportunity to own this fantastic home! Featuring grassy front yard, 3 car garage, and RV gate. Interior offers 4 bed, 2.5 bath, great room with wooden floors, family room with cozy fireplace, spacious loft, and den ideal for an office. The beautiful kitchen includes SS appliances, ample cherry cabinet space, tile countertops, breakfast room, and recessed lighting. Upstairs the master suite is comprised of full bath, separate tub, dual sinks, step-in shower, and walk-in closet. Oversized backyard offers covered patio, built-in BBQ, outdoor bar, seating area perfect for a ramada, and a path that leads you toward a refreshing blue pool with a stone waterfall & an outdoor fireplace.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,563
Property Tax -$238
Property Insurance -$79
HOA -$20
Property Management Fees -$99
CASH FLOW
-$258

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.

$449,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.39%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,3953$1,5504$1,6005$1,740
$1,740
RENT COMPS ANALYSIS
  • 478 E Poncho Lane San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.66
    •  
  • 1205 E Desert Moon Trail San Tan Valley, AZ 1
    • 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2000
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.59
    •  
  • 785 E Desert Moon Trail San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.59
    •  
  • 780 E Denim Trail San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2005
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 1336 E Desert Holly Drive San Tan Valley, AZ 4
    • 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
PROPERTY LISTING DETAILS
Mario Montoya
Red Brick Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187938
Last Updated: 01/30/2021
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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