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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $231.53
- 2 Days on Market
- MLS # : 6165529
- Updated Date : 11/28/2020 at 19:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,814 sqft
- Baths : 3 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Queen Creek Station is located in the heart of Queen Creek, close shopping, dining, and parks. This single story, three bedroom, three bathroom home is beautifully upgraded throughout, with all of the highly desired finishes, including wood-look tile, shaker cabinets, gourmet kitchen with a farmhouse sink, custom backsplash, large 4 panel glass sliding door, and a lavish master bathroom. This home is absolutely immaculate, and loaded with tasteful options options from the builder! The home sits on a large lot with no rear neighbors, and a park located right across the street! This is a gorgeous home that you don't want to miss out on! If you're looking for the perfect home that shows like a model home, now is your chance!
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PRICE & RENT TRENDS
Neighborhood: Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$317 | |
| Property Insurance | -$63 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$443
|
||
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.
$420,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
0.67
YEARS SAVED
$1,276
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
-
$1,719
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
20468 E Arrowhead Trail Queen Creek, AZ 1
- 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $0
- $0.00
-
21115 E Saddle Way Queen Creek, AZ 2
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
19938 E Mayberry Road Queen Creek, AZ 3
- 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
-
20755 E Mockingbird Drive Queen Creek, AZ 4
- 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2016
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
19914 E Carriage Way Queen Creek, AZ 5
- 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
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165529
Last Updated: 11/28/2020
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.
