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19655 E Reins Road Queen Creek, AZ 85142

5 Beds 3 Baths 2,859 sqft Built 2005

$499,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $174.54
  • 5 Days on Market
  • MLS # : 6153809
  • Updated Date : 10/29/2020 at 23:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,859 sqft
  • Baths : 3 full
Listing Agent

Powell Realty & Management

Listing Agent's Description

**ALL AROUND GREAT HOME**BRAND NEW LAMINATE WOOD FLOORING DOWNSTAIRS AND IN ALL BATHROOMS** BRAND NEW CARPET UPSTAIRS**FRESHLY PAINTED INTERIOR FROM TOP TO BOTTOM (CEILINGS, WALLS, WOOD WORK CLOSETS**DINNING AREA**LIVING ROOM**BIG OPEN KITCHEN**ONE BEDROOM AND BATHROOM DOWNSTAIRS**NICE SIZED MASTER WITH OVERSIZED MASTER CLOSET**SEPARATE SHOWER AND TUB IN MASTER BATH**SPARKLING POOL AND LARGE PATIO IN THE BACKYARD**ONE AC UNIT RECENTLY REPLACED**POOL EQUIPMENT RECENTLY UPDATED**CLOSE TO QUEEN CREEK MARKETPLACE**COME SEE WHAT THIS INCREDIBLE HOME HAS TO OFFER!**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Emperor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Emperor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9911981

* 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
Desert Mountain Elementary School Primary Regular 481 20 9
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Desert Mountain Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
9
GreatSchools Rating

Newell Barney Junior High School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 35
7
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,841
Property Tax -$364
Property Insurance -$83
HOA -$80
Property Management Fees -$99
CASH FLOW
-$297

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.

$499,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$15k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,402

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1703$2,4504$2,4955$2,495
$2,495
RENT COMPS ANALYSIS
  • 19655 E Reins Road Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.76
    •  
  • 19723 E Arrowhead Trail Queen Creek, AZ 1
    • 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
    •  
  • 19716 E Thorton Road Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.82
    •  
  • 20144 E Nighthawk Way Queen Creek, AZ 4
    • 4 beds 4 baths ∙ 2,881 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,881 Sqft ∙ Built 2018
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 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
Ryan Little
Powell Realty & Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153809
Last Updated: 10/29/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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