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20266 E Russet Road Queen Creek, AZ 85142

5 Beds 4 Baths 3,683 sqft Built 2015

$515,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $139.83
  • 7 Days on Market
  • MLS # : 6160839
  • Updated Date : 11/17/2020 at 12:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,683 sqft
  • Baths : 3 full , 1 half
Listing Agent

Nexthome Elite Realty

Listing Agent's Description

This incredible home is situated on a corner lot just across from the community park and walking distance from Queen Creek Marketplace! This two story home features a formal dining room, as well as a open great room and huge loft. The gourmet kitchen is outfitted with center island large walk-in pantry, granite counters, staggered cabinets, and black appliances. You will love the roomy master retreat the beautiful master bath offers walk-in closet, double sinks, and separate tub/shower. The large backyard comes with covered patio, and green grass and lots of room to make your vision a reality. Don't miss your chance to make this stunning home in the heart of Queen Creek yours today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $98k433k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9912450

* 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,900
Property Tax -$375
Property Insurance -$99
HOA -$112
Property Management Fees -$99
CASH FLOW
-$25

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.

$515,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$20k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$30,871

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
  • $2,744

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,7504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 20266 E Russet Road Queen Creek, AZ 1
    • 5 beds 5 baths ∙ 3,683 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,683 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20262 E Via De Colina -- Queen Creek, AZ 2
    • 5 beds 4 baths ∙ 3,562 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,562 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.59
    •  
  • 21521 S 215th Place Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
  • 23490 S 201st Street Queen Creek, AZ 4
    • 4 beds 5 baths ∙ 3,769 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,769 Sqft ∙ Built 2004
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
  • 23555 S 201st Way Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2004
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Marjorie Anne Burcham
Nexthome Elite Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160839
Last Updated: 11/17/2020
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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