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2090 W Gold Dust Avenue Queen Creek, AZ 85142

3 Beds 2 Baths 1,399 sqft Built 2005

$266,900

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $190.78
  • 5 Days on Market
  • MLS # : 6159046
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,399 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This charming 3 bedroom, 2 bathroom home in San Tan Heights features fresh exterior paint, a split floorplan, and a great location in a friendly neighborhood! Inside, you'll discover new vinyl floors throughout the main level, a spacious family room, and an open layout between the living room and kitchen. The kitchen boasts stainless steel appliances and a breakfast bar for easy serving. Enjoy privacy in the primary bedroom with its en suite bathroom. This delightful home is located within close proximity to schools, dining, and San Tan Regional Park.

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
 

$240,210$293,590$266,900

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$985
Property Tax -$133
Property Insurance -$54
HOA -$25
Property Management Fees -$99
CASH FLOW
-$136

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.

$266,900

PROJECTED PRICE

$1,160

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,479

INVESTMENT

$76,479

Down Payment
$66,725
Rehab Estimate
$5,750
Closing Costs
$4,004

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,725
Loan Amount $200,175
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,294

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2003$1,2954$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 2090 W Gold Dust Avenue Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,399 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.83
    •  
  • 2620 W Kristina Avenue Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 2210 W Kristina Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2173 W Gold Dust Avenue Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 2271 W Kristina Avenue Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159046
Last Updated: 11/13/2020
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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