Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

699 W Ocotillo Road San Tan Valley, AZ 85140

4 Beds 3 Baths 3,681 sqft Built 2006

$720,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $195.60
  • 7 Days on Market
  • MLS # : 6188472
  • Updated Date : 02/02/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,681 sqft
  • Baths : 3 full
Listing Agent

Mahoney Properties

Listing Agent's Description

Great place to raise a family and your animals. 3.45 acres, with irrigation . Nice shop and 8 stall barn, House sets on the rear of the property, beautiful 4 bedroom home with a huge Kitchen. That includes an island and breakfast bar. Wood and tile flooring thru out. the home has a beautiful patio on three sides , for that country feel . Fencing is pipe with top rail and non-climb wire. Plenty of shaded parking with 7 car carport and 2 car garage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9681882

* 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
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

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

$648,000$792,000$720,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$2,501
Property Tax -$407
Property Insurance -$99
HOA -$36
Property Management Fees -$99
CASH FLOW
-$1,032

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.

$720,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$85

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $2,282

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1103$2,395
$2,395
RENT COMPS ANALYSIS
  • 699 W Ocotillo Road San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 3,681 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,681 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.57
    •  
  • 708 W Reeves Avenue San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.55
    •  
  • 22060 E Rosa Road Queen Creek, AZ 3
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2013
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.69
    •  
PROPERTY LISTING DETAILS
Kent Mahoney
Mahoney Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188472
Last Updated: 02/02/2021
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.

BESbswy