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984 W Desert Hills Drive San Tan Valley, AZ 85143

3 Beds 2 Baths 1,806 sqft Built 2006

$299,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
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!

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
Poston Butte High School High Regular 1,801 79 4

Poston Butte High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

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

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-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,4953$1,4994$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 984 W Desert Hills Drive San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 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
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 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
Kayla Marie Geoffroy
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200109
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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