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20306 E Calle De Flores -- Queen Creek, AZ 85142

5 Beds 4 Baths 5,195 sqft Built 2006

$730,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $140.52
  • 2 Days on Market
  • MLS # : 6175207
  • Updated Date : 01/02/2021 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,195 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Here in popular Queen Creek! This remarkable property gives you an incredible curb appeal along with an RV gate and 3 car garage. Step inside this beauty to find everything you have been looking for in a home; 5 bed, 3.5 bath, French doors that lead to a dreamy den, cozy fireplace great for this winter, and lots of natural light perfect for interior plants. Gourmet eat-in kitchen is a dream come true for any home chef, offering high-end appliances, recessed lighting, large island, and more. This master suite includes sitting room with fireplace, private exit, and luxurious bathroom with a spotless tub ideal for relaxing after a busy day. Resort-like backyard with sparkling pool, spa, and plenty more is ready for entertainers. Call now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montelena

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k553k

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

Neighborhood: Montelena

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9912540

* 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
 

$657,000$803,000$730,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$2,693
Property Tax -$532
Property Insurance -$128
HOA -$65
Property Management Fees -$99
CASH FLOW
$42

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.

$730,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$52,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,909

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,560
$3,560
RENT COMPS ANALYSIS
  • 20306 E Calle De Flores -- Queen Creek, AZ 2
    • 5 beds 4 baths ∙ 5,195 Sqft ∙ Built 2006 5 beds 4 baths ∙ 5,195 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $0.69
    •  
  • 23213 S 204th Street Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 5,195 Sqft ∙ Built 2005 4 beds 3 baths ∙ 5,195 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.56
    •  
PROPERTY LISTING DETAILS
Marcelino Guerrero Lopez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175207
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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