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942 W Holstein Trail San Tan Valley, AZ 85143

4 Beds 3 Baths 2,997 sqft Built 2004

$365,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $121.79
  • 3 Days on Market
  • MLS # : 6164114
  • Updated Date : 11/27/2020 at 11:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,997 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Don't miss this spacious 4 bedroom + Den+ loft home featuring a light, bright and open floor plan perfectly positioned on a north/south lot with resort style backyard oasis, great for entertaining and family gatherings. Sparkling pebble tech pool & tranquil waterfall, built in BBQ & oversized patio with custom built extended pergola. Located in the very desirable Circle Cross Ranch subdivision and built by well know national builder DR Horton. Separate Den/office can be 5th bedroom. Don't miss out on this home, it will go quickly.

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
Circle Cross Ranch K-8 School Primary Regular 786 35 5
Circle Cross Ranch K-8 School Middle Regular 786 35 5
Poston Butte High School High Regular 1,801 79 4

Circle Cross Ranch K-8 School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Circle Cross Ranch K-8 School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 35
5
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,347
Property Tax -$193
Property Insurance -$86
HOA -$50
Property Management Fees -$99
CASH FLOW
$26

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.

$365,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.49%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$29,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,559
1$1,5592$1,7653$1,8004$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 942 W Holstein Trail San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.60
    •  
  • 35433 N Galloway Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2009
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,559
    • $0.57
    •  
  • 2017 W Tobias Way Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2016
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.60
    •  
  • 2135 W Tobias Way Queen Creek, AZ 3
    • 5 beds 5 baths ∙ 2,950 Sqft ∙ Built 2016 5 beds 5 baths ∙ 2,950 Sqft ∙ Built 2016
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.61
    •  
  • 34920 N Mirandesa Drive San Tan Valley, AZ 5
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2007
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Greg Hidder
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164114
Last Updated: 11/27/2020
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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