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20354 E Poco Calle -- Queen Creek, AZ 85142

5 Beds 4 Baths 5,195 sqft Built 2005

$649,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $124.93
  • 1 Days on Market
  • MLS # : 6160778
  • Updated Date : 11/14/2020 at 17:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 5,195 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome home to Poco Calle! This home pulled out all the bells and whistles. Curb appeal hits you immediately but you will be instantly intrigued by the drive in courtyard that leads to the garage access. Enter the home and step into a unique rotunda foyer. Space is abundant here. A split floorplan grants the privacy needed. Head into the heart of the home and fall in love with the open concept kitchen and family space. There is butler's closet tucked off on one side of the kitchen and the dining room on the other. This space was make to entertain. Open up the door in this space and you will be lead directly onto a covered patio with a spacious lower maintenance backyard. Head upstairs and enjoy the split bedrooms.

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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,395
Property Tax -$473
Property Insurance -$128
HOA -$75
Property Management Fees -$99
CASH FLOW
-$410

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.

$649,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$11,676

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
  • $2,909

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,900
$2,900
RENT COMPS ANALYSIS
  • 20354 E Poco Calle -- Queen Creek, AZ 1
    • 5 beds 4 baths ∙ 5,195 Sqft ∙ Built 2005 5 beds 4 baths ∙ 5,195 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23213 S 204th Street Queen Creek, AZ 2
    • 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
Eric Brossart
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160778
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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