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557 E Laddoos Avenue San Tan Valley, AZ 85140

3 Beds 2 Baths 1,769 sqft Built 2014

$335,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $189.37
  • 5 Days on Market
  • MLS # : 6159374
  • Updated Date : 11/20/2020 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72HOUR HOME SALE. INQUIRE NOW! Active Adult Living at its FINEST! Highly desirable and rare ''Cannes'' model located in the stunning Encanterra(r) Resort Community, this gorgeous 3bd/2ba Shea home has been wonderfully cared for by its original owner since it was built new in 2014. This home is rich with natural sunlight throughout, desirable N/S exposure with a spacious great room that features a comfortable living space, dining area and large eat-in kitchen with stainless steel appliances, electric cooktop/oven with a stub for gas, granite countertops and cabinets for storage. This model features the optional extended garage with build-ins, a multi-purpose laundry room perfectly suited for an art studio, workroom, etc. as well as pre-paid Tesla solar panels... CONTD

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanterra

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Encanterra

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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,236
Property Tax -$250
Property Insurance -$62
HOA -$123
Property Management Fees -$99
CASH FLOW
-$90

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.

$335,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5803$1,5994$1,6805$1,695
$1,695
RENT COMPS ANALYSIS
  • 557 E Laddoos Avenue San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 38154 N Rusty Lane San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2006
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 921 E Kelsi Avenue San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2007
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.91
    •  
  • 473 W Mammoth Cave Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,912 Sqft ∙ Built 2019
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.84
    •  
  • 319 W Pinnacle Ridge Drive San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2020
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
PROPERTY LISTING DETAILS
David Newman
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159374
Last Updated: 11/20/2020
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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