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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Victoria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Victoria
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$142,225
LOAN DETAILS
$1,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,744
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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20266 E Russet Road Queen Creek, AZ 1
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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
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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
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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
Nexthome Elite Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160839
Last Updated: 11/17/2020
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.
