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21131 E Roundup Way Queen Creek, AZ 85142

5 Beds 3 Baths 2,261 sqft Built 2002

$399,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $176.87
  • 2 Days on Market
  • MLS # : 6160612
  • Updated Date : 11/14/2020 at 10:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,261 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

DON'T MISS OUT! Stunning 5 bedroom, 3 bath home with a POOL. Upgraded and Move in Ready. You will love the Kitchen with Crisp White Cabinets, Granite and All Stainless Appliances w/ Gas Cooking. Open Floorplan with Tile Set on Diagonal in all the right places! There is a Bedroom and Full Bath on main floor perfect for Guest or Office. A Gorgeous Staircase with open Wood Railing leads you to your spacious Master Suite with Full Ensuite Bath including double sinks, separate tub and shower, and walk in closet. There are 3 additional bedrooms plus a Full bath. Enjoy your Sapphire Quartz Pool that is fully fenced, extended covered patio, large lawn area for the Kids and Pets to enjoy. Right in the Heart of Queen Creek with great dining and shopping too. All this under $400,000! HURRY!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,475
Property Tax -$302
Property Insurance -$71
HOA -$105
Property Management Fees -$99
CASH FLOW
-$173

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.

$399,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.47%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8803$1,8954$1,9955$2,300
$2,300
RENT COMPS ANALYSIS
  • 21131 E Roundup Way Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,261 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.83
    •  
  • 21383 E Alyssa Road Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 21128 E Avenida Del Valle -- Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 21852 S 214th Street Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 21160 E Twin Acres Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2002
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ronald Bussing
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160612
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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