Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $207.76
- 7 Days on Market
- MLS # : 6188222
- Updated Date : 02/04/2021 at 20:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,527 sqft
- Baths : 3 full
Listing Agent
Mark Brower Properties, Llc
Listing Agent's Description
Come take a look at this rare beauty. 4 car garage with a sink in it! The house has a very open layout including an upgraded/spacious kitchen with lots of cabinets, separate dining area, beautiful granite countertops, gas stove, and stainless steel appliances. In the master suite, you will find double sinks, large walk in shower, beautiful tile floors, and walk in closet. Gorgeous updated flooring throughout the home and the low maintenance backyard. Need additional features? This home has a whole house RO and water softener system. Schedule a showing NOW before it's gone. Tenants occupied. Current rent: $2400. Lease expire 09/10/2021. Great for investors too.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Emperor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Emperor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$383 | |
| Property Insurance | -$76 | |
| HOA | -$86 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$448
|
||
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.
$525,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.3% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
1.25
YEARS SAVED
$2,956
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
-
$2,135
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
19615 E Oriole Way Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $0
- $0.00
-
19723 E Arrowhead Trail Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,950
- $0.75
-
19042 E Swan Drive Queen Creek, AZ 3
- 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 4
- 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
-
20126 E Nighthawk Way Queen Creek, AZ 5
- 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2018 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2018
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,495
- $0.92
PROPERTY LISTING DETAILS
Mark Brower Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188222
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
