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20962 E Reins Road Queen Creek, AZ 85142

4 Beds 4 Baths 2,493 sqft Built 2019

$484,900

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $194.50
  • 3 Days on Market
  • MLS # : 6187361
  • Updated Date : 02/06/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to desired Terravella Community! This Beautiful, like new home, has a Double Master, four bedrooms, study/den, three full baths and one-half bath. Kitchen includes Gourmet Gas Stainless steel appliances, large island with Quartz countertops, 42'' kitchen cabinets. Upgraded flooring throughout home. Super-shower in the Master suite and large walk-in closet. 12' multi slide glass door leading out to your private courtyard. Paver driveway. More features listed in Doc tab.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queen Creek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Queen Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9911981

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,684
Property Tax -$366
Property Insurance -$76
HOA -$85
Property Management Fees -$99
CASH FLOW
-$30

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.

$484,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,262

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,2803$2,3954$2,3955$2,550
$2,550
RENT COMPS ANALYSIS
  • 20962 E Reins Road Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 2,493 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,493 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.91
    •  
  • 20273 E Raven Drive Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 20550 E Raven Drive Queen Creek, AZ 3
    • 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2015 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2015
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 20586 E Raven Drive Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 21103 E Longwood Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2019
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Colleen S Rosenthal
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187361
Last Updated: 02/06/2021
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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