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19851 E Reins Road Queen Creek, AZ 85142

4 Beds 3 Baths 2,307 sqft Built 2006

$400,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $173.39
  • 5 Days on Market
  • MLS # : 6159020
  • Updated Date : 11/14/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,307 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Great opportunity to own this 4 bedroom, 2.5 bath home with your own private pool! Main level of home has kitchen, formal sitting and dining area plus separate family room. Upstairs you'll find 4 bedrooms as well as a loft! The south facing backyard has a great pool for relaxing with a lush grass area and extended paver patio. The oversized garage provides ample space for work or storage. All of this located in a prime location, close to Queen Creek Marketplace with all of the surrounding amenities.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,476
Property Tax -$303
Property Insurance -$72
HOA -$75
Property Management Fees -$99
CASH FLOW
-$64

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.

$400,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,220

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9603$1,9754$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 19851 E Reins Road Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.85
    •  
  • 19914 E Carriage Way Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.97
    •  
  • 20273 E Raven Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 19358 E Arrowhead Trail Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2004
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 19335 E Carriage Way Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2005
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jacob M Whitacre
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159020
Last Updated: 11/14/2020
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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