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18132 E San Tan Boulevard Queen Creek, AZ 85142

4 Beds 4 Baths 3,011 sqft Built 2002

$685,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $227.50
  • 2 Days on Market
  • MLS # : 6210061
  • Updated Date : 03/20/2021 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,011 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

you don't know what your missing until you've lived a block from town in the '' countryside'' take a deep breath and relax there's space here for everything and no HOA .enter the front door and be welcomed with vaulted ceilings and a large open great room the kitchen will be sure to delight with so much storage ,nicely upgraded countertops , stainless appliances ,RO system, dinning nook is light & bright /w room for seating at the large island & bar top exit the kitchen into your Arizona room with ac/heat for year round enjoyment use as a playroom ,craft or sewing room the possibilities are endless a nice master bedroom /bath suite is split from the other large bedrooms & has a jetted tub ,linen closet & large walk in closet laundry room has a newer front load set , one of the highlights

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler Heights Citrus

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k364k

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

Neighborhood: Chandler Heights Citrus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9912030

* 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.
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,379
Property Tax -$491
Property Insurance -$86
Property Management Fees -$99
CASH FLOW
-$275

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.

$685,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$18,312

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
  • $2,730

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,5004$2,750
$2,750
RENT COMPS ANALYSIS
  • 18132 E San Tan Boulevard Queen Creek, AZ 1
    • 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6758 S Rachael Way Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,750 Sqft ∙ Built 2007
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 4129 E Clubview Drive Gilbert, AZ 3
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 4241 E Andre Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004
    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 #: 6210061
Last Updated: 03/20/2021
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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