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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $166.06
- 2 Days on Market
- MLS # : 6200109
- Updated Date : 02/28/2021 at 02:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,806 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Fantastic 3 Bed/2 Bath WITH additional office space and gorgeous backyard. Tile floors throughout. Spacious kitchen with island, breakfast bar, pantry, granite, recessed lighting and tons of cabinets. Good sized bedrooms with a split floor plan. New HVAC Dec 2020. Newer water heater with owned solar for the water heater. Oversized covered back patio with ceiling fan. Additional outdoor seating and lots of lush green artificial turf for a low maintenance oasis. Call for your showing today. This home will go fast!
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PRICE & RENT TRENDS
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85143
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$158 | |
| Property Insurance | -$62 | |
| HOA | -$63 | |
| 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.
$299,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.48%
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 |
5.92
YEARS SAVED
$20,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,549
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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984 W Desert Hills Drive San Tan Valley, AZ 1
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- Rent Per SQFT
- $1,450
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1925 W San Tan Hills Drive Queen Creek, AZ 2
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
LEASED 04/30/20- Rent
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- $1,495
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33683 N Slate Creek Drive San Tan Valley, AZ 3
- 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2006
LEASED 05/16/20- Rent
- Rent Per SQFT
- $1,499
- $0.82
-
999 W Desert Hills Drive San Tan Valley, AZ 4
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2006
LEASED 03/08/21- Rent
- Rent Per SQFT
- $1,595
- $0.88
-
2365 W Jasper Butte Drive Queen Creek, AZ 5
- 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.85
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200109
Last Updated: 02/28/2021
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.
