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698 E Baker Drive San Tan Valley, AZ 85140

3 Beds 2 Baths 2,151 sqft Built 2006

$315,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.44
  • 3 Days on Market
  • MLS # : 6184236
  • Updated Date : 01/22/2021 at 03:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

Welcome to this beautiful home with amazing curb appeal right from the start. With the tall trees as you enter to the metal screen door, to the open living and dining room. The carpet is brand new, literally days old in the living and dining room and bedrooms. The kitchen has granite countertops with a spacious island, open to the great room. There's a walk in pantry with lots of storage as well. You will find an open office space, along with 2 bedrooms. The second bathroom has been updated. The owner's bedroom is in the back of the home with it's own bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Pecan Creek

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,094
Property Tax -$184
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
-$33

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.

$315,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,570

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,4954$1,5505$1,699
$1,699
RENT COMPS ANALYSIS
  • 698 E Baker Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.66
    •  
  • 38099 N Rusty Lane San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2006
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 38552 N Beverly Avenue San Tan Valley, AZ 3
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2006
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 1277 E Nancy Avenue San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2008
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 726 E Baker Drive San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 2006
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.79
    •  
PROPERTY LISTING DETAILS
Denise Siemen
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184236
Last Updated: 01/22/2021
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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