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21276 E Alyssa Road Queen Creek, AZ 85142

4 Beds 2 Baths 1,826 sqft Built 2001

$385,500

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $211.12
  • 3 Days on Market
  • MLS # : 6172848
  • Updated Date : 12/18/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Nestled at the end of a peaceful cul-de-sac, this 4 bedroom home is the one you've been looking for! Great Queen Creek location, within walking distance of Queen Creek HS and across from large shopping center. Enter home to see a beautiful great room with tons of natural light perfect for entertainment. The ample eat-in kitchen showcases large breakfast bar, granite counters, pantry, center island, cabinetry space, custom wood accent walls and SS appliances. Split master suite offers a sunny bay window for a sitting area. Immaculate master bath boasting his & her sinks, walk-in closet, and separate tub/shower. Talk about a master suite that ensures privacy! The gorgeous backyard has covered patio and blue pool w/boulder waterfall. Must see to appreciate all the unique custom features.

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
 

$346,950$424,050$385,500

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,422
Property Tax -$291
Property Insurance -$63
HOA -$115
Property Management Fees -$99
CASH FLOW
-$80

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.

$385,500

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

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-$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$107,908

INVESTMENT

$107,908

Down Payment
$96,375
Rehab Estimate
$5,750
Closing Costs
$5,783

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,422

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,375
Loan Amount $289,125
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,265

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
  • $1,602

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5624$1,6255$1,720
$1,720
RENT COMPS ANALYSIS
  • 21276 E Alyssa Road Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21534 E Domingo Road Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 21116 E Pickett Street Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,562
    • $0.84
    •  
  • 22050 S 211th Street Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 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
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jessica Santa Cruz
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172848
Last Updated: 12/18/2020
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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