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21212 S 184th Place Queen Creek, AZ 85142

5 Beds 3 Baths 4,325 sqft Built 2004

$560,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $129.48
  • 4 Days on Market
  • MLS # : 6173588
  • Updated Date : 01/03/2021 at 04:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,325 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Situated on a quarter-acre corner lot in the wonderful community of Sossaman Estates, this 4,325 sq ft beautiful 5 bedroom, 3 bathroom home offers a spacious kitchen with a stainless steel double oven, gas cooktop, huge island, and generous pantry. The resort-like backyard has mature landscaping, gas-stub for BBQ, newly expanded pavers, RV gate and a sparkling swimming pool, perfect for relaxation and fun!Upon entry, you're greeted by the expansive ceiling and dramatic staircase, that leads to the owner's bedroom featuring 2 walk-in closets, a linen closet and jacuzzi tub with separate shower. Down the upstairs hall is the loft/teen room with 3 additional large bedrooms and a full bathroom. Downstairs, another bedroom and full bathroom offer a perfect office space or guest room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k440k

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

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9912307

* 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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$2,066
Property Tax -$454
Property Insurance -$111
HOA -$102
Property Management Fees -$99
CASH FLOW
$187

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.

$560,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$54,771

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
  • $3,028

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$2,9504$2,995
$2,995
RENT COMPS ANALYSIS
  • 21212 S 184th Place Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 4,325 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,325 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18818 E Reins Road Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 4,212 Sqft ∙ Built 2017 4 beds 4 baths ∙ 4,212 Sqft ∙ Built 2017
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.66
    •  
  • 4768 E Ironhorse Road Gilbert, AZ 3
    • 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.70
    •  
  • 4077 E Claxton Avenue Gilbert, AZ 4
    • 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,068 Sqft ∙ Built 2004
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.74
    •  
PROPERTY LISTING DETAILS
Melanie Nemetz
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173588
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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