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18007 E Indiana Avenue Queen Creek, AZ 85142

4 Beds 3 Baths 2,600 sqft Built 2019

$649,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $249.96
  • 2 Days on Market
  • MLS # : 6194084
  • Updated Date : 02/13/2021 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

hurry ! this super cute home wont last long built in 2020 home is like new seller has added a new front elevation & paint , landscape , paver patios installed fencing , shade storage structures for parking RV or boat ? planted pasture that is set up to irrigate bring your horse its ready for grazing then ride out the back gate so close to everything including shopping ,schools ,entertainment but has that country feel in a brand new friendly neighbor hood seller also added shiplap accents the large great room /dining area has plenty of room for entertaining & has a beautiful view of the san tan mountains what better way to watch the morning sunrise & evening sunset from the large covered back patio this property has enough room to add a pool or BBQ area + gardens & play areas NO HOA !

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,257
Property Tax -$466
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$490

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.

$649,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,031

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
  • $2,412

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,4005$2,750
$2,750
RENT COMPS ANALYSIS
  • 18007 E Indiana Avenue Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6933 S View Lane Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 6923 S View Lane Gilbert, AZ 3
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2005
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 4351 E Vallejo Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2004
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
  • 4241 E Andre Avenue Gilbert, AZ 5
    • 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004
    property image
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Leslie Keenan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194084
Last Updated: 02/13/2021
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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