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84 E Lakeview Drive San Tan Valley, AZ 85143

4 Beds 3 Baths 2,163 sqft Built 2007

$295,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $136.38
  • 1 Days on Market
  • MLS # : 6210252
  • Updated Date : 03/21/2021 at 06:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,163 sqft
  • Baths : 3 full
Listing Agent

Ravenswood Realty

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,025
Property Tax -$156
Property Insurance -$69
HOA -$22
Property Management Fees -$99
CASH FLOW
$100

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.

$295,000

PROJECTED PRICE

$1,470

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$27,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4704$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 84 E Lakeview Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.68
    •  
  • 31848 N Royal Oak Way San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 1034 E Rosebud Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.68
    •  
  • 30492 N Appalachian Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.71
    •  
  • 31325 N Shale Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2004
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Heather Werner
Ravenswood Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210252
Last Updated: 03/21/2021
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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