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18750 E Reins Road Queen Creek, AZ 85142

6 Beds 4 Baths 4,911 sqft Built 2003

$650,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $132.36
  • 1 Days on Market
  • MLS # : 6203803
  • Updated Date : 03/07/2021 at 03:02
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,911 sqft
  • Baths : 3 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

AMAZING HOME!! 6 bedrooms, bonus room, den and 3.5 baths, 2 staircases, incredible backyard has a covered patio, huge pool with a waterfall. New paint inside and out. Open kitchen with granite countertops, walk in pantry, breakfast bar and lots of storage. Large master bedroom, his and her closet with built in custom cabinets. Large secondary bedrooms. 3 car split garage So much more!

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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$2,258
Property Tax -$527
Property Insurance -$123
HOA -$102
Property Management Fees -$99
CASH FLOW
-$299

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.

$650,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.43%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,344

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
  • $3,028

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$2,9004$3,350
$3,350
RENT COMPS ANALYSIS
  • 18750 E Reins Road Queen Creek, AZ 1
    • 6 beds 4 baths ∙ 4,911 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,911 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4519 S Roy Rogers Way Gilbert, AZ 2
    • 6 beds 5 baths ∙ 5,051 Sqft ∙ Built 2005 6 beds 5 baths ∙ 5,051 Sqft ∙ Built 2005
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.56
    •  
  • 4635 E Calistoga Drive Gilbert, AZ 3
    • 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,602 Sqft ∙ Built 2007
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.63
    •  
  • 4488 E Cavalry Drive Gilbert, AZ 4
    • 5 beds 4 baths ∙ 5,059 Sqft ∙ Built 2004 5 beds 4 baths ∙ 5,059 Sqft ∙ Built 2004
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.66
    •  
PROPERTY LISTING DETAILS
Angela Mcadoo
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203803
Last Updated: 03/07/2021
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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