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21115 E Alyssa Road Queen Creek, AZ 85142

5 Beds 3 Baths 3,311 sqft Built 2000

$549,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $165.81
  • 2 Days on Market
  • MLS # : 6160188
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,311 sqft
  • Baths : 3 full
Listing Agent

Qc Realty

Listing Agent's Description

Prepare to be amazed! Come and see this wonderful 5 bed, 3 bath property now for sale in Queen Creek! Desert landscaping, 3 garage parking spaces, RV gate, this home has it all and more! The lavish interior boasts large dining and living areas, a den ideal for an office, and neutral paint throughout. The fabulous kitchen would make any chef jealous, with its ample cabinetry, pantry, granite countertops, stainless steel appliances, and island with breakfast bar. Inside the grandiose master bedroom you will find a private balcony entry, a spacious walk-in closet, and a full bath with double sinks, as well as separate tub and shower. Finally, the stunning backyard includes a covered patio, grassy area, and a refreshing pool perfect for the warm summer days! Hurry and schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queenland Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

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

Neighborhood: Queenland Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9541882

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,026
Property Tax -$415
Property Insurance -$92
HOA -$105
Property Management Fees -$99
CASH FLOW
-$316

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.

$549,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,558

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0803$2,6504$2,6705$2,750
$2,750
RENT COMPS ANALYSIS
  • 21115 E Alyssa Road Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 3,311 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,311 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21537 E Estrella Road Queen Creek, AZ 2
    • 6 beds 3 baths ∙ 3,186 Sqft ∙ Built 2007 6 beds 3 baths ∙ 3,186 Sqft ∙ Built 2007
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.65
    •  
  • 21539 S 215th Place Queen Creek, AZ 3
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 21457 E Maya Road Queen Creek, AZ 4
    • 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.86
    •  
  • 21521 S 215th Place Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jody Thyfault
Qc Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160188
Last Updated: 11/14/2020
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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