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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $118.37
- 3 Days on Market
- MLS # : 6176092
- Updated Date : 01/02/2021 at 18:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,281 sqft
- Baths : 3 full
Listing Agent
Prosmart Realty
Listing Agent's Description
MULTIPLE OFFERS RECEIVED-Looking for a great home in the the popular Queen Creek Area? Look no more. ''Renegade Place'' features 3 over-sized bedrooms, an upper loft with potential for an additional game/computer space, or extended family area. The large master bedroom opens to spacing for sitting area. This open kitchen comes with a large pantry shared with the laundry. The open concept kitchen flows directly into spacious great room. Tile floors on the entire lower level. Entry into home has welcoming living room. Lovely low maintenance landscaping is a plus with plenty of room to add that pool. The community also offers multiple community pools, and golf course! At this price point it's a must see!
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$143 | |
| Property Insurance | -$72 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$199
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$270,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
9.5
YEARS SAVED
$41,946
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,454
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
1911 E Renegade Trail San Tan Valley, AZ 4
- 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,281 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.67
-
1780 E Silversmith Trail Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2005
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.64
-
1746 E Dust Devil Drive San Tan Valley, AZ 2
- 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,433 Sqft ∙ Built 2003
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,475
- $0.61
-
30546 N Honeysuckle Drive San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004
![property image]()
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,504
- $0.65
-
30454 N Honeysuckle Drive Queen Creek, AZ 5
- 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2005
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,575
- $0.65
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176092
Last Updated: 01/02/2021
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.
