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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $214.29
- 4 Days on Market
- MLS # : 6152480
- Updated Date : 11/20/2020 at 13:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,450 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This property truly offers everything! Amazing opportunity to purchase in sought after San Marqui Estates! 2 Split Master Bedrooms w/ the attached guest quarters, + 2 additional bedrooms /3 baths, in great Open Floorplan and 3 Car Garage! Kitchen boasts new tile backsplash, new quartz counters, and new cabinetry! Huge lot features sparkling pool, hot tub, outdoor shower, large shed, and RV parking.Electric gate on guest side, w/private patio is perfect for mother-n-law quarters or out of town guests! Amazing location, don't miss this opportunity!
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PRICE & RENT TRENDS
Neighborhood: San Marqui Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Marqui Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$394 | |
| Property Insurance | -$75 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$596
|
||
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.
$525,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
0.67
YEARS SAVED
$1,547
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,060
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
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20988 E Cherrywood Drive Queen Creek, AZ 3
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
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20496 E Colt Drive Queen Creek, AZ 4
- 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.84
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![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.81
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6152480
Last Updated: 11/20/2020
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.
