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769 W Oak Tree Lane San Tan Valley, AZ 85143

3 Beds 3 Baths 2,201 sqft Built 2006

INVESTimate

$285,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$307,031  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $129.49
  • 10 Days on Market
  • MLS # : 6118764
  • Updated Date : 08/17/2020 at 16:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,201 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Must see two story 3 bed/2.5 bath San Tan Valley home available in highly sought after Skyline Ranch. Well placed on a large N/S facing lot, walking distance to two community parks, shopping, restaurants and the elementary schools. Must see interior is sure to impress with a spacious great room floor plan and stylish finishes from wall to wall. Soft plush carpet and low maintenance tile flooring in all of the right places. Neutral paint tones and soft natural light throughout. Eat in kitchen is complete with a pantry and coordinating black appliances and overlooks the living area with a breakfast bar. Upstairs is a large loft, great for a media or playroom. Master retreat includes a walk in closet and full en-suite. 2 car garage. Huge backyard with covered patio. Don't miss it.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85143

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85143

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
Skyline Ranch K-8 School Primary Regular 792 35 5
Skyline Ranch K-8 School Middle Regular 792 35 5
Poston Butte High School High Regular 1,801 79 4

Skyline Ranch K-8 School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Skyline Ranch K-8 School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,052
Property Tax -$150
Property Insurance -$70
HOA -$62
Property Management Fees -$99
CASH FLOW
-$73

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.

$285,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4253$1,4504$1,5005$1,521
$1,521
RENT COMPS ANALYSIS
  • 769 W Oak Tree Lane San Tan Valley, 1
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.62
    •  
  • 624 W Mesquite Tree Lane San Tan Valley, 2
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2009
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.64
    •  
  • 1821 W Desert Mountain Drive San Tan Valley, 3
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 807 W Fruit Tree Lane San Tan Valley, 4
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.68
    •  
  • 797 W Vineyard Plains Drive San Tan Valley, 5
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,521
    • $0.67
    •  
PROPERTY LISTING DETAILS
Joey Gutierrez Rodriguez
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118764
Last Updated: 08/17/2020
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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