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18307 E San Tan Boulevard Queen Creek, AZ 85142

3 Beds 2 Baths 1,613 sqft Built 1984

INVESTimate

$430,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$450,124  ( +4.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $266.58
  • 9 Days on Market
  • MLS # : 6116116
  • Updated Date : 08/23/2020 at 15:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,613 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

*Showing start August 20th* Fully fenced horse property located at the foothills of the San Tan Mountains in the coveted Chandler Heights Citrus Irrigation district. From the moment you walk up to the shady patio you will appreciate the character of this cozy home and want to entertain. Wood floors, updated kitchen w/stainless appliances, recessed lighting, french doors, remodeled owners suite w/ walk in closet and gorgeous tiled shower plus oversized third bdrm. Large lighted 5 stall barn area has a 13' breezeway with an additional area for hay, toys or tractor parking. Auto waters, cross ties, electric outlets, LED lighting, dusk to dawn center lighting, pasture turn out & custom designed gates. Minutes from San Tan reg park, QC market place, Horseshoe park, Queen creek & Sonoqui wash!

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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Auxier Elementary School Primary Regular NA
Casteel High School Middle Regular NA
Casteel High School High Regular NA

Auxier Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,587
Property Tax -$308
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$413

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.

$430,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,855

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
  • $1,645

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6253$1,695
$1,695
RENT COMPS ANALYSIS
  • 18307 E San Tan Boulevard Queen Creek, 1
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3721 E Vallejo Drive Gilbert, 2
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
  • 6602 S Cartier Drive Gilbert, 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Cathy Waz
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116116
Last Updated: 08/23/2020
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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