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577 E Goldmine Lane San Tan Valley, AZ 85140

4 Beds 2 Baths 1,777 sqft Built 2006

$299,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $168.77
  • 2 Days on Market
  • MLS # : 6165753
  • Updated Date : 12/12/2020 at 22:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

Sessions Real Estate

Listing Agent's Description

Beautiful, well maintained home in Taylor Ranch. Large, inviting greatroom, 4 large bedrooms, 2 bathrooms and large kitchen with eat in breakfast area. Refrigerator, washer and dryer are included! Located within walking distance to the large community park, complete with covered playground, vollyball & bacci ball courts and splash pad!

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
Ranch Elementary School Primary Regular 525 23 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Ranch Elementary School

  • Education Level: Primary
  • # of students: 525
  • # 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,107
Property Tax -$159
Property Insurance -$62
HOA -$21
Property Management Fees -$99
CASH FLOW
-$28

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.

$299,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.47%

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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,4504$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 577 E Goldmine Lane San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.80
    •  
  • 1271 E Cottonwood Road San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 1199 E Cottonwood Road San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 584 E Harvest Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 1,843 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,843 Sqft ∙ Built 2007
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 1102 E Elm Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 2004
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.84
    •  
PROPERTY LISTING DETAILS
Amy L Bowes
Sessions Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165753
Last Updated: 12/12/2020
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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