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1674 E Copper Hollow Queen Creek, AZ 85140

2 Beds 3 Baths 2,123 sqft Built 2014

$549,900

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $259.02
  • 2 Days on Market
  • MLS # : 6170706
  • Updated Date : 01/02/2021 at 17:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,123 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

RESORT COUNTRY CLUB LIVING! One of the Largest Premium Lots in Encanterra! Captivate Model ~Offering 2 Master Bedrooms, PLUS DEN, 2.5 Baths, 3 Car Garage! PRE-PAID Solar System for amazing energy efficiency. Open Great Room floor plan-an entertainers dream!! Gourmet Kitchen boasts large island, upgraded granite, beautiful cabinets, double pantry, gas range, all SS Jen Air appliances! Owners Suite has dual vanities, large shower and huge walk in closet. Large Den/ Office could be used as 3rd Bedroom. Large pool-size Backyard W/ oversized covered patio/ deck w, Large Built in BBQ island w/ beverage cooler, gas fire pit that seats 6 & beautiful water feature! Fruit trees include Orange, Grapefruit, Lemon, & Mexican Limes! This backyard= 62 ft to the back block fence instead of 15ft!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanterra

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Encanterra

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Ellsworth Elementary School Primary Regular 635 22 6
Ellsworth Elementary School Middle Regular 635 22 6
Combs High School High Regular 1,302 49 3

Ellsworth Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Ellsworth Elementary School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 22
6
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,029
Property Tax -$300
Property Insurance -$69
HOA -$197
Property Management Fees -$99
CASH FLOW
-$34

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.

$549,900

PROJECTED PRICE

$2,660

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$35,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,951

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,660
1$2,6602$3,200
$3,200
RENT COMPS ANALYSIS
  • 1674 E Copper Hollow Queen Creek, AZ 1
    • 2 beds 3 baths ∙ 2,123 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,123 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $1.25
    •  
  • 1549 E Verde Boulevard San Tan Valley, AZ 2
    • 2 beds 3 baths ∙ 2,299 Sqft ∙ Built 2013 2 beds 3 baths ∙ 2,299 Sqft ∙ Built 2013
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.39
    •  
PROPERTY LISTING DETAILS
Elizabeth Rolfe
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170706
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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