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21043 E Munoz Street Queen Creek, AZ 85142

4 Beds 3 Baths 1,737 sqft Built 2009

$325,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $187.10
  • 2 Days on Market
  • MLS # : 6157589
  • Updated Date : 11/06/2020 at 22:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,737 sqft
  • Baths : 3 full
Listing Agent

Az Flat Fee

Listing Agent's Description

Recently Remodeled! Come tour this updated 4 Bed # Bath Home in Queen Creek. Updates include White Kitchen, Extended Paver Patio, and the a Marble Filled Master Bathroom. This great room floor plan features a full bed and bath down stairs with all new flooring. Low maintenance front yard with the perfect sized back yard featuring view fencing. Located in a quite cal-de-sac just a few steps away from the community parks, pool and spa. Founders park splash pad, skate park and ball fields are within walking distance. Plus Queen Creek Market Place is just around the corner.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo Landing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: Ocotillo Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8351882

* 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
Frances Brandon-pickett Elementary School Primary Regular 478 22 9
Frances Brandon-pickett Elementary School Middle Regular 478 22 9
Queen Creek High School High Regular 1,799 73 5

Frances Brandon-pickett Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Frances Brandon-pickett Elementary School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Queen Creek High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,199
Property Tax -$246
Property Insurance -$61
HOA -$83
Property Management Fees -$99
CASH FLOW
-$198

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.

$325,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 21043 E Munoz Street Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.86
    •  
  • 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
    •  
  • 21190 E Stonecrest Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 2007
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 22050 S 211th Street Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 21050 E Aldecoa Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,737 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
PROPERTY LISTING DETAILS
Brian J Cunningham
Az Flat Fee
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157589
Last Updated: 11/06/2020
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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