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21259 E Saddle Way Queen Creek, AZ 85142

4 Beds 2 Baths 1,859 sqft Built 2004

$366,200

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $196.99
  • 3 Days on Market
  • MLS # : 6184552
  • Updated Date : 01/22/2021 at 19:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This lovely single story 4 bedroom, 2 bathroom home is just a few short minutes from shopping, dining, and schools! The open layout of the living space and kitchen make for a warm atmosphere that's perfect for entertaining friends and family. The kitchen features matching appliances, a breakfast bar, and tons of counter space. After a long day, enjoy the privacy of the primary bedroom suite which includes a walk-in closet and a private bathroom with double vanity sinks. Head back through the living room and out to the private backyard with a covered patio that's a perfect place to sip your morning coffee. The location of this home can't be beaten with Jack Barnes Elementary School, Queen Creek Middle School, Queen Creek High School, and Queen Creek Village Center all less than 10 minutes a

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
 

$329,580$402,820$366,200

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,272
Property Tax -$277
Property Insurance -$63
HOA -$115
Property Management Fees -$99
CASH FLOW
-$266

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.

$366,200

PROJECTED PRICE

$1,560

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$102,793

INVESTMENT

$102,793

Down Payment
$91,550
Rehab Estimate
$5,750
Closing Costs
$5,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,272

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,550
Loan Amount $274,650
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,909

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6254$1,6955$1,720
$1,720
RENT COMPS ANALYSIS
  • 21259 E Saddle Way Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.84
    •  
  • 21534 E Domingo Road Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 22050 S 211th Street Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 21382 E Nightingale Road Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 21853 S 214th Street Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184552
Last Updated: 01/22/2021
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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