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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $174.85
- 2 Days on Market
- MLS # : 6165353
- Updated Date : 11/27/2020 at 19:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,545 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Wow! Gorgeous two-story home in Queen Creek with exquisite curb appeal, mature front landscaping, 3 car tandem garage, and a cozy covered porch. The outstanding interior will take your breath away! Large formal living with double-height ceilings, tons of natural light, den, and fantastic family room with a decorative wood wall. The fabulous kitchen is a gem with staggered cabinets, black stainless steel appliances, and granite counters with full backsplash. Nice size master suite has a lavish ensuite with beautiful marble countertops, a stunning walk-in shower, and a spacious walk-in closet. The huge backyard is a dream! Covered patio, fire pit w/granite top, and a lush grassy area complete the picture for this marvelous home. This one of a kind beauty won't last!
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PRICE & RENT TRENDS
Neighborhood: Cortina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cortina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$361 | |
| Property Insurance | -$77 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$179
|
||
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.
$445,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.33
YEARS SAVED
$14,705
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
-
$2,259
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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18850 E Kingbird Drive Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
19042 E Swan Drive Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.86
-
18974 E Lark Drive Queen Creek, AZ 3
- 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,175
- $0.85
-
18663 E Lark Drive Queen Creek, AZ 4
- 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004
LEASED 08/09/19- Rent
- Rent Per SQFT
- $2,250
- $0.88
-
18866 E Cardinal Way Queen Creek, AZ 5
- 4 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.96
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165353
Last Updated: 11/27/2020
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.
