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724 E Dry Creek Road 
San Tan Valley, AZ
85143
4 Beds 2 Baths 2,151 sqft
Built 2005
INVESTimate
$280,300
List Price
$80,030
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $130.31
- 1 Days on Market
- MLS # : 6122260
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,151 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Welcome home to this Johnson Ranch home. Single level home with lots of space to make your own.Two toned paint and lighted ceiling fans throughout. Four bedrooms and 2 bathrooms. Kitchen has granite countertops, center island and stainless steel appliances. Home is pre-wired for surround sound. Tile through the traffic areas and carpet in the bedrooms.Home also features a water softener and RO system. Master bedroom features a separate tub and shower, dual sink vanity and walk in closet. The home provides a blank canvas to make your own. Grass backyard with lots of citrus trees ( lemon, orange and grapefruit ) and covered patio. Beautiful community with walking paths, community pool and playground for the kiddos. Short walk to the two parks and amenities. Book your appointment now!
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,034 |
| Property Tax | -$148 | |
| Property Insurance | -$69 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$280,300
PROJECTED PRICE
$1,450
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.70% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$80,030
LOAN DETAILS
$1,034
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,075 |
| Loan Amount | $210,225 |
6.33
YEARS SAVED
$23,730
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,430
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
724 E Dry Creek Road San Tan Valley, 3
- 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.67
-
740 E Mule Train Trail San Tan Valley, 1
- 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,350
- $0.63
-
239 E Diamond Trail San Tan Valley, 2
- 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2005
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.64
-
29252 N Rosewood Drive San Tan Valley, 4
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2005
![property image]()
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.65
-
676 E Dry Creek Road San Tan Valley, 5
- 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,151 Sqft ∙ Built 2005
![property image]()
LEASED 03/29/20- Rent
- Rent Per SQFT
- $1,595
- $0.74
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122260
Last Updated: 08/26/2020
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.
