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795 E Horizon Heights Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 1,592 sqft Built 2001

$290,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $182.16
  • 1 Days on Market
  • MLS # : 6191066
  • Updated Date : 02/07/2021 at 01:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,592 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This move in ready 3 bedroom/ 2 bath home, situated on a corner lot, includes new paint, new carpet and stainless steel appliances. A split floor plan that features a large master bedroom with large master closet, window shutters and ceiling fans throughout, gas fireplace, and complete with its own pool! Nestled in the Johnson Ranch neighborhood which includes a 9 hole golf course, 3 community pools, catch and release pond, tennis, basketball and volleyball courts plus 19 playgrounds.

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,007
Property Tax -$153
Property Insurance -$58
HOA -$23
Property Management Fees -$99
CASH FLOW
$39

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.

$290,000

PROJECTED PRICE

$1,380

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$21,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,377

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3504$1,3755$1,475
$1,475
RENT COMPS ANALYSIS
  • 795 E Horizon Heights Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 559 E Renegade Place San Tan Valley, AZ 2
    • 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
    •  
  • 1271 E Silktassel Trail San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2001
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 30665 N Royal Oak Way San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 667 E Renegade Place San Tan Valley, AZ 5
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2000
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
PROPERTY LISTING DETAILS
Russell Shaffer Jr.
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191066
Last Updated: 02/07/2021
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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