Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4783 E Rousay Drive San Tan Valley, AZ 85140

3 Beds 2 Baths 1,427 sqft Built 2003

$305,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $213.74
  • 3 Days on Market
  • MLS # : 6162868
  • Updated Date : 11/21/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,427 sqft
  • Baths : 2 full
Listing Agent

Church Realty

Listing Agent's Description

Don't miss this Beautiful Home! This single story, open/split floor plan, well maintained, 3 Bedroom 2 Bath home sits on a large North / South facing Corner Lot. Recently remodeled eat-in kitchen includes Custom Concrete Countertops, Tile Backsplash, updated Cabinets, and a new Granite Composite single sink with designer faucet. Vaulted ceilings, updated Lighting, and Ceiling Fans throughout with a large master suite. Beautiful new flooring and trim throughout with brand new tile floors in the bathrooms. A large grass backyard and covered patio. It is close to community schools, parks and much more.

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
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,125
Property Tax -$147
Property Insurance -$55
HOA -$20
Property Management Fees -$99
CASH FLOW
-$257

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.

$305,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.39%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,391

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,238

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2753$1,3454$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 4783 E Rousay Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.83
    •  
  • 4506 E Meadow Land Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.89
    •  
  • 40436 N Burwick Way San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,611 Sqft ∙ Built 2006
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.83
    •  
  • 40638 N Burwick Way San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2005
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 4908 E Sandwick Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2003
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mike Payne
Church Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162868
Last Updated: 11/21/2020
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.

BESbswy