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20853 E Poco Calle Court Queen Creek, AZ 85142

4 Beds 3 Baths 2,625 sqft Built 2018

$538,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $204.95
  • 3 Days on Market
  • MLS # : 6184512
  • Updated Date : 01/22/2021 at 22:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,625 sqft
  • Baths : 3 full
Listing Agent

Homesmart Success

Listing Agent's Description

WOW! This home is Better than a Brand New one!!! Less than 3 years old! 2 Masters (or a great guest suite)...this North/South facing, cul de sac home feels brand new still and you will not want to miss it!!! All of the important features that you love have not been missed! Huge panty, Plantation shutters, lots of closets, gas range and double ovens, Huge laundry room, RV gate, GORGEOUS Flooring!! Large office in the front of the home (perfect for working from home!).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hastings Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k357k

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

Neighborhood: Hastings Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9912020

* 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
Queen Creek Elementary School Primary Regular 495 29 8
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Queen Creek Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 29
8
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
 

$484,200$591,800$538,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,869
Property Tax -$392
Property Insurance -$78
HOA -$112
Property Management Fees -$99
CASH FLOW
-$350

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$538,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,320

INVESTMENT

$148,320

Down Payment
$134,500
Rehab Estimate
$5,750
Closing Costs
$8,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,869

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,500
Loan Amount $403,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7353$2,0504$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 20853 E Poco Calle Court Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 21255 E Pecan Lane Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.73
    •  
  • 21172 E Avenida Del Valle -- Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.65
    •  
  • 20496 E Colt Drive Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 21141 E Via Del Oro -- Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Lisa Buhr
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184512
Last Updated: 01/22/2021
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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