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19998 E Reins Road Queen Creek, AZ 85142

3 Beds 2 Baths 2,236 sqft Built 2006

$425,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $190.07
  • 2 Days on Market
  • MLS # : 6190925
  • Updated Date : 02/07/2021 at 05:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Enjoy this stunning 3 bedroom + den and 2 bath home with plantation shutters in the beautiful Remington Heights subdivision. The home is all on one level, no steps! Includes a second garage and stall making it a 3 car garage. Enjoy an oversized lot almost 10,000 square feet with an an extra long driveway. Plenty of parking! Also includes a sparkling pool, spa and waterfall. Home has never been on the market before and also includes leased solar panels, water softener, refrigerator and low energy bills. Seller is a licensed real estate agent.

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,476
Property Tax -$310
Property Insurance -$71
HOA -$75
Property Management Fees -$99
CASH FLOW
-$51

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.

$425,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.47%

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$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

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
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,561

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
  • $2,152

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9253$1,9754$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 19998 E Reins Road Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19914 E Carriage Way Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006
    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
    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
    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
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jennifer Sturgeon
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190925
Last Updated: 02/07/2021
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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