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1935 W Cool Water Way Queen Creek, AZ 85142

4 Beds 3 Baths 2,534 sqft Built 2014

$399,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $157.46
  • 3 Days on Market
  • MLS # : 6191753
  • Updated Date : 02/13/2021 at 21:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,534 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This spacious single level offers 4 bedrooms with a split master, large great room, formal dining room and 2.5 baths. Gorgeous upgraded spice cabinets with crown molding, granite counters, stainless appliances and a beautiful mosaic backsplash. The Master bedroom is private, quiet and located at the back of the home with stand alone tub, his and hers double sinks and walk-in stand up shower. The master closet is large with plenty of room for everything!The gorgeous covered patio has been extending with plenty of pavers. Spacious lot with the perfect amount of mature landscaping, extra tall back block wall and plenty of space for the family to enjoy our amazing AZ weather.

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,386
Property Tax -$200
Property Insurance -$77
HOA -$62
Property Management Fees -$99
CASH FLOW
-$83

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.

$399,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$15,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7404$1,8355$1,950
$1,950
RENT COMPS ANALYSIS
  • 1935 W Cool Water Way Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.69
    •  
  • 34974 N Bandolier Drive Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 35082 N Laredo Drive Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1931 W Desert Spring Way Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.72
    •  
  • 2169 W Madisen Marie Avenue Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
PROPERTY LISTING DETAILS
Katie Lambert
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191753
Last Updated: 02/13/2021
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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