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20966 S 213th Street Queen Creek, AZ 85142

4 Beds 2 Baths 1,586 sqft Built 2007

$320,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $201.77
  • 4 Days on Market
  • MLS # : 6161457
  • Updated Date : 11/21/2020 at 10:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful upgraded move in ready home in sought after Queen Creek community close to downtown shopping, dining & Queen Creek schools! 4 bedroom, 2 bathroom home, tiled flooring in all the right places. Kitchen includes custom Knotty alder cabinets, tile backsplash, Top of the line Dekton Quartz counters, pantry, and 6 stage reverse osmosis system. Spacious primary bedroom is complete with double sinks, good size shower, large closet! Good natural lighting. Whole house water softener. Laundry room. Backyard oasis with covered patio, fire pit and artificial grass is virtually maintenance free plus a view fence. 2 car garage plus driveway parking. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Langley Gateway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k355k

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

Neighborhood: Langley Gateway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9891882

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,181
Property Tax -$242
Property Insurance -$58
HOA -$85
Property Management Fees -$99
CASH FLOW
-$285

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.

$320,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4953$1,5004$1,5755$1,720
$1,720
RENT COMPS ANALYSIS
  • 20966 S 213th Street Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,586 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.87
    •  
  • 21074 E Pickett Street Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2009
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 21534 E Domingo Road Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 22368 S 211th Street Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2007
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 21853 S 214th Street Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dean Thornton
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161457
Last Updated: 11/21/2020
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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