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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $105.83
- 3 Days on Market
- MLS # : 6184352
- Updated Date : 01/24/2021 at 05:16
CONSTRUCTION
- Beds : 5
- Floor Size : 3,430 sqft
- Baths : 3 full
Listing Agent
Better Homes And Gardens Re
Listing Agent's Description
San Tan Valley living at its finest! This incredibly huge home boasts 5 beds, with a downstairs master suite, extra office, and guest bath. The upstairs loft is perfect for family time; a formal dining room makes for superb hosting, and a large laundry room gives you some space away from the chore. The modern kitchen has a large island, with R/O system, 2 year old range and dishwasher. The downstairs is beautifully tiled with a carpeted office; all 3 upstairs beds and loft are carpeted, including the 3 walk in closets! Recent owner upgrades include: solar screens at some windows, home efficiency audit and sealed ductwork, upgraded attic insulation in some areas, ceiling fans installed in most rooms, and water softener. This house is walking distance to a playground and 5 min from Walmart.
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PRICE & RENT TRENDS
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,261 |
| Property Tax | -$192 | |
| Property Insurance | -$94 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$52
|
||
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.
$363,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,945
LOAN DETAILS
$1,261
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,750 |
| Loan Amount | $272,250 |
6.25
YEARS SAVED
$26,001
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.51
LIST RENT PER SQFT
-
$1,909
COMP ESTIMATED VALUE -
$0.56
COMP AVG. RENT PER SQFT
Comps Range
-
695 W Desert Canyon Drive San Tan Valley, AZ 2
- 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,430 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $0.51
-
1740 W Vineyard Plains Drive Queen Creek, AZ 1
- 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,137 Sqft ∙ Built 2006
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,645
- $0.52
-
2897 W Mineral Butte Drive Queen Creek, AZ 3
- 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003
![property image]()
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,795
- $0.56
-
33368 N Sandstone Drive San Tan Valley, AZ 4
- 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005
![property image]()
LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,825
- $0.59
PROPERTY LISTING DETAILS
Better Homes And Gardens Re
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184352
Last Updated: 01/24/2021
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.
