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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $112.41
- 1 Days on Market
- MLS # : 6207130
- Updated Date : 03/14/2021 at 01:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,668 sqft
- Baths : 2 full , 1 half
Listing Agent
Denman Realty Group, L.l.c
Listing Agent's Description
Beautiful 2-story 4 bedroom 2.5 bath home in Johnson Ranch. Home has large gourmet kitchen downstairs with island, extra cabinetry & gas range. Laundry room & large pantry area between kitchen & 2-car garage. Home has family room off kitchen as well as formal living room and powder room downstairs. Carpeted stairs with attractive wood railing lead to 2nd story where home has large bonus/game room and all bedrooms. Owner suite has large bedroom, walk-in closet & owner bath with separate tub & shower. Backyard has covered patio & generous yard with with grass. Home is part of the Johnson Ranch Community with children's playground, tennis courts & 3 community pools & spa. Community also has biking & walking paths. Home is close to Fry's Food Store. Home is tenant occupied until 11/30/2021
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$158 | |
| Property Insurance | -$79 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$120
|
||
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.
$299,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
7.58
YEARS SAVED
$29,260
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,627
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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811 E Dust Devil Circle San Tan Valley, AZ 2
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LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,475
- $0.55
-
435 E Mountain View Road San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2002
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,575
- $0.59
-
1336 E Desert Holly Drive San Tan Valley, AZ 4
- 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,504 Sqft ∙ Built 2007
![property image]()
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,600
- $0.64
-
356 E Shawnee Road San Tan Valley, AZ 5
- 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2003
![property image]()
LEASED 02/15/21- Rent
- Rent Per SQFT
- $1,745
- $0.66
PROPERTY LISTING DETAILS
Denman Realty Group, L.l.c
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6207130
Last Updated: 03/14/2021
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.
