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2118 W Sunshine Butte Drive Queen Creek, AZ 85142

3 Beds 2 Baths 2,176 sqft Built 2003

$340,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $156.25
  • 3 Days on Market
  • MLS # : 6206218
  • Updated Date : 03/12/2021 at 18:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

Real Estate Lifestyles, Llc

Listing Agent's Description

Very nice pool home with a fantastic kitchen! tile in all the right places! Gas stove, breakfast bar, sink over looking the great room. Gas fireplace. Gorgeous patio with tile roof, washer, dryer and refrigerator remain with the home. Shutters in the front room 2 inch blinds throughout the remainder of rooms. Fans in each room. Could easily be a 4th bedroom, 2nd bedroom has a large walk-in closet. There is also a community pool in the neighborhood.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,181
Property Tax -$169
Property Insurance -$70
HOA -$22
Property Management Fees -$99
CASH FLOW
$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6303$1,6504$1,6995$1,800
$1,800
RENT COMPS ANALYSIS
  • 2118 W Sunshine Butte Drive Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.75
    •  
  • 2892 W Goldmine Mountain Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.72
    •  
  • 2424 W Tanner Ranch Road Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 1818 W Desert Seasons Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2005
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.73
    •  
  • 2032 W Agrarian Hills Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2005
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lorrie Iantaffi
Real Estate Lifestyles, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206218
Last Updated: 03/12/2021
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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