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21066 E Desert Hills Circle Queen Creek, AZ 85142

4 Beds 2 Baths 1,678 sqft Built 2002

$350,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $208.58
  • 4 Days on Market
  • MLS # : 6195800
  • Updated Date : 02/19/2021 at 17:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Step into YOUR NEW HOME...you will be taken by this 4 bedroom/2 bath home, situated on an oversized corner, cul-de-sac lot in The Villages at Queen Creek. The open floor plan invites you into the spacious Great Room, which flows toward the heart of the home...your eat-in kitchen. Hosting any occasion will be made easy in this large, contemporary kitchen space, including plenty of white cabinets, stainless steel appliances, granite topped island and countertops, complemented by eye-catching backsplash and brand-new light fixtures. New windows will be installed throughout in March to go along with newer blinds. The Master suite boasts great space with a large walk-in closet. (Master curtains do not convey.) Secondary bedrooms are generous sized with one used as an office/den, including a

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Villages at Queen Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: The Villages at Queen Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8801882

* 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 Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,216
Property Tax -$255
Property Insurance -$60
HOA -$19
Property Management Fees -$99
CASH FLOW
-$78

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.

$350,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$12k$14k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,615

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5704$1,5755$1,700
$1,700
RENT COMPS ANALYSIS
  • 21066 E Desert Hills Circle 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
    •  
    • $1,570
    • $0.94
    •  
  • 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
Shivani A Dallas
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195800
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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