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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $218.71
- 2 Days on Market
- MLS # : 6202634
- Updated Date : 03/06/2021 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,678 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This amazing move in ready 4 bedroom, 2 bath home in the highly sought out neighborhood of ''The Villages at Queen Creek'' is awaiting its new owners! Inside, you'll enjoy an exceptionally functional floorplan with an open layout in the kitchen and living room. Beautiful low maintenance exterior. The Community of The Villages at Queen offers a Community Pool, Tennis, 24 hour fitness center, Golf Course, Driving Range. Close to Parks, Shopping, Restaurants, Schools, Green Belts, Hiking and Biking, Close to Schnepf Farms, Farmers Market, Downtown Queen Creek, Olive Mill- and more! AC, Exterior/Interior Paint done in 2020 and much more! This one will sell fast!
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PRICE & RENT TRENDS
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,275 |
| Property Tax | -$268 | |
| Property Insurance | -$60 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$210
|
||
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.
$367,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| 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
$103,005
LOAN DETAILS
$1,275
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,750 |
| Loan Amount | $275,250 |
2.5
YEARS SAVED
$7,241
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,615
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
21027 E Sonoqui Drive Queen Creek, AZ 3
- 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,510
- $0.90
-
20915 E Via Del Rancho -- Queen Creek, AZ 1
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2003
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
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
-
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
-
20946 E Sonoqui Drive Queen Creek, AZ 5
- 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,700
- $1.01
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202634
Last Updated: 03/06/2021
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.
