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18517 E Pine Valley Drive Queen Creek, AZ 85142

5 Beds 3 Baths 3,082 sqft Built 2004

$565,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $183.32
  • 4 Days on Market
  • MLS # : 6190686
  • Updated Date : 02/21/2021 at 00:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,082 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to this beautifully upgraded and move in ready home in Sossaman Estates, in Queen Creek AZ. Offering 5 bedrooms, 2.5 baths, 3 car garage, heated pool, extended pergola & artificial turf front and back - this home is a must see! Ideally situated on a north/south exposure lot, this home features an oasis of a backyard with extended patio and pergola, travertine surrounded heated pool and space on both sides of the home. Stainless steel appliances, new HVAC unit, water softener and instant hot water heater add to the appeal. The large square footage offers ample space and flexibility in the floor plan. You absolutely want to come see this magnificent home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k440k

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

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9912307

* 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
Sossaman Middle School Middle Unknown 901 44 NA
Higley High School High Regular 1,596 70 7

Sossaman Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 44
NA
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,962
Property Tax -$443
Property Insurance -$87
HOA -$102
Property Management Fees -$99
CASH FLOW
-$424

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.

$565,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,574

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
  • $2,312

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3004$2,4505$2,800
$2,800
RENT COMPS ANALYSIS
  • 18517 E Pine Valley Drive Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18686 E Mockingbird Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.65
    •  
  • 19620 S 189th Street Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 4132 E Carriage Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2001
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 4562 S Star Canyon Drive Gilbert, AZ 5
    • 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2003
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
Melanie Nemetz
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190686
Last Updated: 02/21/2021
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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