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18949 E Old Beau Trail Queen Creek, AZ 85142

3 Beds 3 Baths 2,979 sqft Built 2016

$650,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $218.19
  • 4 Days on Market
  • MLS # : 6205443
  • Updated Date : 03/13/2021 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this modern gem you have been waiting for! This 3 bed, 2.5 bath+den home features a perfectly flowing open floor plan. The cook of the house will love the delightful kitchen with so much storage and huge island! Working from home and/or the kids home schooling? Look no further, there are 2 built in work stations NOT including the office! Delight yourself with idoor/odoor living when you open up your 4 panel patio door! The relaxing master suite offers a full ensuite, along with an insanely huge master closet! The bedrooms are roomy with a Jack & Jill style bathroom. Relax in the fantastic backyard overlooking the priceless unobstructed views of the San Tan Mountains not to mention your built in BBQ and custom fireplace!!! All this on a PRIME lot with only 1 neighbor!

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

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,258
Property Tax -$510
Property Insurance -$85
HOA -$102
Property Management Fees -$99
CASH FLOW
-$584

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

$2,470

PROJECTED RENT

0.38%

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

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 65% 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

1.08

YEARS SAVED

$2,772

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,470

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,495

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4703$2,4954$2,5955$2,750
$2,750
RENT COMPS ANALYSIS
  • 18949 E Old Beau Trail Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.83
    •  
  • 19718 E Mayberry Road Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 4688 S Posse Trail Gilbert, AZ 3
    • 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
  • 4609 S Ranger Court Gilbert, AZ 4
    • 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.83
    •  
  • 18567 E Cattle Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2004
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tina L Martinez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205443
Last Updated: 03/13/2021
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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