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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $178.15
- 4 Days on Market
- MLS # : 6162320
- Updated Date : 11/21/2020 at 13:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,105 sqft
- Baths : 2 full , 1 half
Listing Agent
Arizona Elite Properties
Listing Agent's Description
Get it while you can! This awesome home is in the highly desired community of Hastings Farms, located in the exploding Town of Queen Creek! Owner spared no expense when upgrading, adding addtional tile in kitchen and upstairs hallway and bathroom, beautiful backsplash, refinished cabinets, pendant lights, surround sound inside and prewire outside, stainless appliances, lovely granite, upgraded lighting and fans, to name just a few things! You'll love the size of the living area, master bedroom, bath & closet! Located very near all the new growth of QC with abundant shopping, dining and entertainment! Come take a look today!
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PRICE & RENT TRENDS
Neighborhood: Hastings Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hastings Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$273 | |
| Property Insurance | -$68 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$306
|
||
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.
$375,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
1.58
YEARS SAVED
$4,279
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,752
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
20985 E Via De Olivos -- Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,630
- $0.77
-
21030 E Pecan Lane Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
21373 E Calle De Flores -- Queen Creek, AZ 3
- 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
21128 E Avenida Del Valle -- Queen Creek, AZ 4
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.85
-
21234 E Pecan Lane Queen Creek, AZ 5
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
PROPERTY LISTING DETAILS
Arizona Elite Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162320
Last Updated: 11/21/2020
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.
