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20985 E Via De Olivos -- Queen Creek, AZ 85142

4 Beds 3 Baths 2,105 sqft Built 2013

$375,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

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
$1,630
1$1,6302$1,6503$1,7504$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 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
Alex Naddour
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162320
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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