Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

896 W Oak Tree Lane San Tan Valley, AZ 85143

3 Beds 3 Baths 2,201 sqft Built 2006

$305,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.57
  • 5 Days on Market
  • MLS # : 6177440
  • Updated Date : 01/06/2021 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,201 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Are you looking to to live in Skyline Ranch Phase II? You are going to want to see this beautiful home. This home offers 3 large size bedrooms and 2 1/2 bathrooms. Plus a huge loft space. The kitchen offers lots of storage space with a walk-in pantry. and rich color cabinets. Call today to schedule your private showing. Make it a GREAT day. Thank you

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,059
Property Tax -$161
Property Insurance -$70
HOA -$63
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.

$305,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.51%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$27,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,568

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5604$1,6955$1,699
$1,699
RENT COMPS ANALYSIS
  • 896 W Oak Tree Lane San Tan Valley, AZ 3
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.71
    •  
  • 1821 W Desert Mountain Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 807 W Fruit Tree Lane San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2006
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.68
    •  
  • 654 W Desert Mountain Drive San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 1818 W Desert Seasons Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.73
    •  
PROPERTY LISTING DETAILS
Adam M Leach
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177440
Last Updated: 01/06/2021
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.

BESbswy