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850 E Lamonte Street San Tan Valley, AZ 85140

3 Beds 3 Baths 1,658 sqft Built 2002

$270,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $162.85
  • 3 Days on Market
  • MLS # : 6181653
  • Updated Date : 01/15/2021 at 21:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,658 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Beautifully updated, spacious home in Cambria Estates! Just minutes to the 60 Superstition freeway, shopping, and dining. Feel right at home, as you step inside to see cozy living spaces. Stunning kitchen opens up to dining area and is equipped with stainless steel appliances, plenty of cabinets, and track lighting. Convenient 1/2 bathroom downstairs. Upstairs you will find a nice loft ready to be used as whatever you'd like and the gorgeous bedrooms. There's is neutral paint in main areas that allow for a blank slate to add your own taste! The owner's suite comes with private, full bath with double sinks, walk-in closet, and private toilet room. Perfect size backyard is awaiting your custom and personal touches. Don't miss out on this home. It won't last long!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Jack W. Harmon Elementary School Primary Regular 553 26 4
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

Jack W. Harmon Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 26
4
GreatSchools Rating

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$938
Property Tax -$144
Property Insurance -$60
HOA -$50
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.

$270,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$25,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3363$1,3754$1,3905$1,400
$1,400
RENT COMPS ANALYSIS
  • 850 E Lamonte Street San Tan Valley, AZ 4
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.84
    •  
  • 40157 N Passaro Lane San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 1140 E Coppola Street San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 2003
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,336
    • $0.81
    •  
  • 1110 E Coppola Street San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,651 Sqft ∙ Built 2003
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.83
    •  
  • 805 E Nardini Street San Tan Valley, AZ 5
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
PROPERTY LISTING DETAILS
Rebecca Kallhoff
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181653
Last Updated: 01/15/2021
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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