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736 E Melanie Street San Tan Valley, AZ 85140

3 Beds 2 Baths 2,152 sqft Built 2007

$409,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $190.47
  • 2 Days on Market
  • MLS # : 6263333
  • Updated Date : 07/12/2021 at 17:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,152 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Gorgeous 3BR/2BA in desirable Pecan Creek! 2 separate living areas with formal dining room. Eat in kitchen boasts granite countertops, brand new cooktop and dual ovens. Tile floor in all common areas. All new carpet and fresh interior paint throughout. Large master includes spacious walk in closet, and separate tub/shower. Covered patio overlooks grassy backyard.

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
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
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,424
Property Tax -$239
Property Insurance -$69
HOA -$17
Property Management Fees -$99
CASH FLOW
-$328

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.

$409,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.37%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5203$1,6004$1,6955$1,699
$1,699
RENT COMPS ANALYSIS
  • 736 E Melanie Street San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.71
    •  
  • 1310 E Kelsi Avenue San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 2007
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.74
    •  
  • 373 E Daniella Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2006
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 1025 E Kelsi Avenue San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2008
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 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 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.79
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263333
Last Updated: 07/12/2021
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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