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1929 W Half Moon Circle Queen Creek, AZ 85142

4 Beds 3 Baths 1,904 sqft Built 2012

$449,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $236.29
  • 2 Days on Market
  • MLS # : 6263396
  • Updated Date : 07/12/2021 at 18:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,904 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Gorgeous two-story POOL home! Updated with new carpet throughout! Den or formal dining off entry room. All bedrooms and a spacious loft upstairs! The open kitchen offers granite countertops and new stainless steel appliances! The backyard is an entertainer's dream and features a sparkling pool and a covered patio. Come see it today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,563
Property Tax -$224
Property Insurance -$64
HOA -$62
Property Management Fees -$99
CASH FLOW
-$352

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.

$449,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,097

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
  • $1,775

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7853$1,8004$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1929 W Half Moon Circle Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1982 W Appaloosa Way Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.86
    •  
  • 1635 W Harris Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 34838 N Stetson Court San Tan Valley, AZ 4
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2007
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1886 W Prospector Way Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2008
    LEASED 07/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263396
Last Updated: 07/12/2021
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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