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674 E Palomino Way San Tan Valley, AZ 85143

3 Beds 2 Baths 2,130 sqft Built 2004

$324,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $152.54
  • 3 Days on Market
  • MLS # : 6184721
  • Updated Date : 01/23/2021 at 00:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,130 sqft
  • Baths : 2 full
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This Gorgeous 3 bedroom 2 bath home at the Desirable Johnson Ranch Community is in a Fantastic location. Close to Restaurants, Shopping, Schools, and the Johnson Ranch Golf Club. As soon as you step into this home, you can see the Pride of Ownership with all that has been done. You'll love this open concept floor plan. This Elegant Kitchen offers lots of space with Stainless Steel Appliances, Gorgeous Crown Molding Cabinets, and a large island/breakfast bar for extra prep & storage. The Master Suite offers direct access to the backyard, dual vanities, separate shower & soaking tub, and a large walk-in closet. This home also offers New Laminate Wood Flooring, New Carpet in bedrooms, Exterior paint in 2020, A/C replaced in 2018, New Hot Water Heater, Insulated Garage,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Johnson Ranch

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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

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

$292,410$357,390$324,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,129
Property Tax -$172
Property Insurance -$69
HOA -$23
Property Management Fees -$99
CASH FLOW
-$171

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.

$324,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

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

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,669

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
  • $1,491

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5383$1,5504$1,5575$1,595
$1,595
RENT COMPS ANALYSIS
  • 674 E Palomino Way San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1195 E Taylor Trail San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2016
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,538
    • $0.71
    •  
  • 435 E Cheyenne Road San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 785 E Beargrass Place San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2002
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,557
    • $0.68
    •  
  • 676 E Dry Creek Road San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184721
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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