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2055 W Angelo Way Queen Creek, AZ 85142

3 Beds 3 Baths 2,244 sqft Built 2018

$399,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $177.81
  • 3 Days on Market
  • MLS # : 6192557
  • Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,244 sqft
  • Baths : 2 full , 1 half
Listing Agent

Southwest Mountain Realty, Llc

Listing Agent's Description

BETTER THAN NEW!! This home is spectacular in every conceivable way! Great Room, split bedroom floor plan, 3 bedroom, 2.5 bath. Huge custom kitchen with an absolutely amazing look! The linen cabinets and beautiful granite you are looking for! Fabulous wood look tile floors except bedrooms (upgraded carpet). Beautiful custom paint. Master suite with coffered ceiling has bathroom with tub and large walk-in tiled shower plus 2 vanities. Other bedrooms share a Jack and Jill bathroom. All bedrooms have walk-in closets. Other extras are a big laundry room (with door to master) and a half bath. Fully landscaped backyard with pavers and grass. Huge side yard. 3 car tandem garage with service door. Everything you want in a new home and ready to move into!! No long wait!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,386
Property Tax -$199
Property Insurance -$71
HOA -$62
Property Management Fees -$99
CASH FLOW
-$96

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.

$399,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7203$1,7854$1,7855$1,899
$1,899
RENT COMPS ANALYSIS
  • 2055 W Angelo Way Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.77
    •  
  • 1672 W Paisley Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 1982 W Appaloosa Way Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.86
    •  
  • 1712 W Loemann Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2012
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.81
    •  
  • 610 W Belmont Red Trail San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.83
    •  
PROPERTY LISTING DETAILS
Robin M. Drew
Southwest Mountain Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192557
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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