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613 W Hereford Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 2,109 sqft Built 2005

$359,999

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $170.70
  • 6 Days on Market
  • MLS # : 6173705
  • Updated Date : 12/23/2020 at 14:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

MODEL SHARP, MOVE IN READY! Single level home with 4 bedrooms, 2 baths and Real WOOD FLOORS, Carpet in Bedrooms only and Master Suite is NEW 2018 CARPET. Interior painted in today's IN COLOR- Greige...Chef's delight in this kitchen with Newer 2017 Stainless Steel Appliances, including Refrigerator!Breakfast bar,tiled kitchen and breakfast dining! Master suite is split from other bedrooms with dual sinks, walk in shower and separate soaker tub, large walk in closet! Covered patio with extended paver patio and artificial turf! Epoxy floor in front load 3 car garage!!New roof underlayment in 2017.Surround Sound speakers in Great Room! Close to QUEEN CREEK MARKETPLACE SHOPPING/DINING! No need to preview this home is ready for its new family!

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
 

$323,999$395,999$359,999

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,328
Property Tax -$190
Property Insurance -$68
HOA -$50
Property Management Fees -$99
CASH FLOW
-$116

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.

$359,999

PROJECTED PRICE

$1,620

PROJECTED RENT

0.45%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $269,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6003$1,6004$1,6205$1,649
$1,649
RENT COMPS ANALYSIS
  • 613 W Hereford Drive San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.77
    •  
  • 1057 W Deoni Trail San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2012
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.78
    •  
  • 838 W Hereford Drive San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,209 Sqft ∙ Built 2009
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 987 W Deoni Trail San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2012
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 396 W Corriente Court San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
PROPERTY LISTING DETAILS
John Evenson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173705
Last Updated: 12/23/2020
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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