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21115 E Camina Plata -- Queen Creek, AZ 85142

4 Beds 2 Baths 1,926 sqft Built 2003

$359,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $186.86
  • 2 Days on Market
  • MLS # : 6160753
  • Updated Date : 11/14/2020 at 17:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,926 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

This four bedroom, two bathroom home in the heart of Queen Creek, is tucked away on a quiet street in The Villages. Large shade trees provide privacy in the deeply setback front yard. The 1,926 sqft of living feels expansive because of the home's vaulted ceilings and large windows. This home has been immaculately kept! A formal living room and dining room provide extra entertaining space, just in time for the holidays. The living space extends outdoors, with a large covered patio, extended with pavers, a play pool, grass, and raised gardening beds. Several of Queen Creek's great restaurants and coffee shops are a short walk or bike ride away, along with the one of the Town's parks, splash pad, dog park, and skate park. The AC Unit was just replaced in 2020, and exterior paint done in 2018!

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
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,328
Property Tax -$262
Property Insurance -$65
HOA -$19
Property Management Fees -$99
CASH FLOW
-$133

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.

$359,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.46%

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,562
1$1,5622$1,6403$1,7504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 21115 E Camina Plata -- Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.85
    •  
  • 21116 E Pickett Street Queen Creek, AZ 1
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,562
    • $0.84
    •  
  • 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
    •  
  • 22979 S 215th Street Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 20988 E Cherrywood Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Blake Clark
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160753
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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