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1637 W Vineyard Plains Drive Queen Creek, AZ 85142

4 Beds 2 Baths 2,293 sqft Built 2005

$350,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $152.64
  • 3 Days on Market
  • MLS # : 6199142
  • Updated Date : 02/27/2021 at 17:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely PERFECT 4 Bedroom, 2 Bath split floorplan home ALL on one level with WHOLE house filtration system which has been serviced regularly!! Corner lot with excellent curb appeal including stone veneer accents on outside front of home!! You will LOVE this open and airy layout with front living and dining room area....perfect for office area, playroom, or an actual Living Room/Dining Room set-up...imagine THAT!! Huge open kitchen overlooking the super spacious family room including a gas fireplace, accent shelving and high ceilings that really open it all up!!! Kitchen has large island/breakfast bar and GORGEOUS maple cabinets with LOTS of storage!!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,216
Property Tax -$174
Property Insurance -$72
HOA -$63
Property Management Fees -$99
CASH FLOW
$66

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$25,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6753$1,6904$1,6995$1,800
$1,800
RENT COMPS ANALYSIS
  • 1637 W Vineyard Plains Drive Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.74
    •  
  • 2136 W Vineyard Plains Drive Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2004
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.73
    •  
  • 1921 W Green Tree Drive Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2005
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.68
    •  
  • 1818 W Desert Seasons Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.73
    •  
  • 2032 W Agrarian Hills Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jennifer Mirigliani
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199142
Last Updated: 02/27/2021
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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