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635 W Desert Hills Drive San Tan Valley, AZ 85143

4 Beds 2 Baths 2,018 sqft Built 2006

$290,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $143.71
  • 5 Days on Market
  • MLS # : 6156078
  • Updated Date : 11/04/2020 at 14:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,018 sqft
  • Baths : 2 full
Listing Agent

Century 21-platinum Real Estate

Listing Agent's Description

This 2018 sqft 4 Bed / 2 Bath beauty has a very open floorplan with kitchen island and lots of upgraded maple cabinets. Large pantry, 18'' tile on diagonal in all the common areas. Good sized master bedroom at the back of the house. Master Bath has double sinks and separate tub and shower. Large master closet and luxurious soaking tub. Covered patio with open spacious backyard and desert landscaped front yard. 2 car garage. Corner lot with North/South exposure. Excellent friendly neighborhood with lots of parks and playgrounds. Three bedrooms do not have flooring, home sold as-is. Close to Walmart and other conveniences in San Tan Valley. You better hurry, at this price this one is not going to last!!

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
Skyline Ranch K-8 School Primary Regular 792 35 5
Skyline Ranch K-8 School Middle Regular 792 35 5
Poston Butte High School High Regular 1,801 79 4

Skyline Ranch K-8 School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Skyline Ranch K-8 School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,070
Property Tax -$153
Property Insurance -$67
HOA -$63
Property Management Fees -$99
CASH FLOW
-$72

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.

$290,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4503$1,4954$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 635 W Desert Hills Drive San Tan Valley, AZ 1
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.68
    •  
  • 1821 W Desert Mountain Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 32970 N Pebble Creek Drive San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 34361 N Mashona Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2006
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 33683 N Slate Creek Drive San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.82
    •  
PROPERTY LISTING DETAILS
Bryan K. Mccoy
Century 21-platinum Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156078
Last Updated: 11/04/2020
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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