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743 E Lovegrass Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 1,665 sqft Built 2002

$280,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $168.17
  • 2 Days on Market
  • MLS # : 6206733
  • Updated Date : 03/13/2021 at 00:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,665 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Your new home is waiting for you! Come and see this wonderful 3 bed, 2 bath property now for sale in San Tan Valley! Boasting low maintenance landscaping & 2 car garage w/ extended driveway. Nice sized living & dining area w/ sunny bay windows, vaulted ceilings to add spacious feel, beautiful chandeliers, cozy family room adjacent to the kitchen, & neutral paint for an inviting interior are just some features worth mentioning. Spotless kitchen offers black appliances, plenty of cabinets, decorative track lighting, a walk-in pantry, & an island w/ breakfast bar. The charming master bedroom has carpet, access to the back, a walk-in closet, & a lavish bathroom w/ all the must-haves. The lovely backyard is perfect to enjoy a relaxing afternoon under the covered & pergola patios. Call today!

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
Poston Butte High School High Regular 1,801 79 4

Poston Butte High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$973
Property Tax -$148
Property Insurance -$60
HOA -$23
Property Management Fees -$99
CASH FLOW
$108

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.

$280,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$27,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,407

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,3954$1,4105$1,425
$1,425
RENT COMPS ANALYSIS
  • 743 E Lovegrass Drive San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.85
    •  
  • 559 E Renegade Place San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2000
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 29744 N Yellow Bee Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2003
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 432 E Mountain View Road San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2003
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 398 E Cheyenne Road San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2002
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
PROPERTY LISTING DETAILS
Julie Christine Carrasco
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206733
Last Updated: 03/13/2021
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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