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737 E Mule Train Trail San Tan Valley, AZ 85143

4 Beds 3 Baths 2,767 sqft Built 2005

$329,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $119.23
  • 2 Days on Market
  • MLS # : 6176305
  • Updated Date : 01/02/2021 at 21:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,767 sqft
  • Baths : 3 full
Listing Agent

Ashby Realty Group, Llc

Listing Agent's Description

Room for everyone in this spacious 4 bed, 3 bath beauty in the lovely golf course community of Johnson Ranch. Custom touches throughout include wood look plank tile, updated baths w/new laminate, custom painted cabinets & modern tiled shower surrounds. So many possibilities with a main level bedroom & bath, oversized formal living/dining, family room, kitchen w/island & all appliances, loft, owner's suite & 2 additional bed/bath upstairs. Great community w/parks, biking trails, pool/spas & schools while also maintaining a rural feel. Shopping & dining within minutes and just a short trip to 202 or 24 freeways. Start the new year out right and make this amazing home all yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,217
Property Tax -$174
Property Insurance -$81
HOA -$22
Property Management Fees -$99
CASH FLOW
-$3

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.

$329,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,4954$1,5905$1,675
$1,675
RENT COMPS ANALYSIS
  • 737 E Mule Train Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.57
    •  
  • 28946 N Saddle Way San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.56
    •  
  • 28984 N Agave Road San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.55
    •  
  • 1137 E Canyon Trail San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.56
    •  
  • 29071 N Cactus Circle San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.63
    •  
PROPERTY LISTING DETAILS
Elizabeth A. Corvelo
Ashby Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176305
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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