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597 W Welsh Black Trail San Tan Valley, AZ 85143

4 Beds 3 Baths 2,698 sqft Built 2018

$379,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $140.81
  • 2 Days on Market
  • MLS # : 6163518
  • Updated Date : 11/21/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

FABULOUS 4 bedroom PLUS a den, 3 bathroom home in desirable Circle Cross Ranch on an 8,200sf lot with view fencing which backs to NO other homes! This OPEN floorplan includes a GREAT room and a formal dining room. The STUNNING kitchen has white cabinetry, Frigidaire Professional stainless steel appliances including a 4 gas burner cooktop, granite slab countertops and a kitchen island. This spacious Master Suite has a bathroom with dual vanities and a walk-in closet. There is also a Guest Suite which boasts an ensuite bathroom and walk-in closet. EZ care desert landscaping in both the front and the back yards and there is plenty of room to design and build a sparkling pool.Solar features are owned. Don't wait on this one!

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
Circle Cross Ranch K-8 School Primary Regular 786 35 5
Circle Cross Ranch K-8 School Middle Regular 786 35 5
Poston Butte High School High Regular 1,801 79 4

Circle Cross Ranch K-8 School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Circle Cross Ranch K-8 School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,402
Property Tax -$213
Property Insurance -$80
HOA -$50
Property Management Fees -$99
CASH FLOW
-$93

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.

$379,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.46%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5593$1,5754$1,7005$1,835
$1,835
RENT COMPS ANALYSIS
  • 597 W Welsh Black Trail San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 35433 N Galloway Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2009
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,559
    • $0.57
    •  
  • 34543 N Mirandesa Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.61
    •  
  • 35082 N Laredo Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1931 W Desert Spring Way Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.72
    •  
PROPERTY LISTING DETAILS
Deborah Rivers
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163518
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.

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