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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $194.93
- 6 Days on Market
- MLS # : 6168856
- Updated Date : 12/10/2020 at 13:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,539 sqft
- Baths : 2 full
Listing Agent
On Q Property Management
Listing Agent's Description
Gorgeous 4 bedroom highly upgraded home in Circle Cross Ranch features stunning kitchen with upgraded white cabinetry, butcher block counter tops, farmhouse sink and custom dining room lighting. 18'' tile in all living areas, carpeted bedrooms. Professionally painted by Sherwin Williams.Master bedroom is split from other 3 bedrooms. Wood blinds! Water softener and R/O system and Nest thermostat, protect smoke detectors and keyless entry add to the quality of life in this cozy home. Friendly neighbors! Nice grass back yard play area for your kids & their kids while you enjoy amazing views from the covered patio.Close to schools, parks,Schneff Farm, Olive Mill, Walmart, Frys and Queen Creek Market Place! Priced right and move in ready. Buyer to confirm measurements.
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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 | $1,400 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$175 | |
| Property Insurance | -$57 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$88
|
||
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.
$300,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.47%
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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
4.25
YEARS SAVED
$14,080
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,358
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1316 W Danish Red Trail San Tan Valley, AZ 1
- 4 beds 2 baths ∙ 1,539 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,539 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2173 W Garland Drive Queen Creek, AZ 2
- 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2017
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,480
- $0.85
-
318 W Mammoth Cave Drive San Tan Valley, AZ 3
- 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
1725 W Corriente Drive Queen Creek, AZ 4
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
35571 N Donovan Drive Queen Creek, AZ 5
- 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2016
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,525
- $0.88
PROPERTY LISTING DETAILS
On Q Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168856
Last Updated: 12/10/2020
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.
