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21231 E Maya Road Queen Creek, AZ 85142

3 Beds 3 Baths 2,407 sqft Built 2013

INVESTimate

$448,000

List Price

$1,850

$1,665 - $2,035

Rent Est.

$469,818  ( +4.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $186.12
  • 5 Days on Market
  • MLS # : 6121429
  • Updated Date : 08/25/2020 at 23:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,407 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Beautifully appointed single level home on a very private North/South lot. High end upgrades throughout including gorgeous travertine & wood flooring & custom entertainment wall with fireplace in great room. Kitchen features gas cooking, raised panel maple cabinets, granite & bay window at the breakfast nook. Shutters, fans, rollaway screen at front door, water softener & RO. Master bath features travertine upgrades. Guest bedrooms have Jack N Jill Bath. Side entry garage has epoxy floor, cabinets & work bench. Easy care desert landscaping. Freshly painted exterior. Convenient to Queen Creek Market Place. Immaculate! This is a 10!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Nauvoo Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k377k

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

Neighborhood: Nauvoo Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9891882

* 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
 

$403,200$492,800$448,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,653
Property Tax -$338
Property Insurance -$74
HOA -$111
Property Management Fees -$99
CASH FLOW
-$425

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.

$448,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7954$1,7995$1,850
$1,850
RENT COMPS ANALYSIS
  • 21231 E Maya Road Queen Creek, 5
    • 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 21041 E Duncan Street Queen Creek, 1
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 22218 S 211th Street Queen Creek, 2
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 21383 E Alyssa Road Queen Creek, 3
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 22182 S 211th Street Queen Creek, 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.78
    •  
PROPERTY LISTING DETAILS
Connie Archibeck
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121429
Last Updated: 08/25/2020
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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