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21279 E Alyssa Road Queen Creek, AZ 85142

4 Beds 2 Baths 2,240 sqft Built 2001

$395,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $176.34
  • 7 Days on Market
  • MLS # : 6183021
  • Updated Date : 01/31/2021 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,240 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

An urban gardener's dream yard!!!! Don't miss this beautiful open-concept cul-de-sac home in Queenland Manor near downtown Queen Creek and all the wonderful shops, restaurants, parks, and services the town offers! Close to the Loop 202, this quaint community offers a blend of country living and city amenities while maintaining its agricultural charm. This property features fresh paint and new carpet throughout the bedrooms and formal dining room, an eat-in kitchen adjacent to an expansive great room, a new electric range and microwave, new kitchen S/S double-sink, and more (see documents). The backyard design is a gardener's dream; offering sustainable living right outside your door. With a recessed rain garden of self-seeding annuals and lasting perennials, (see supplemental remarks)

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,372
Property Tax -$298
Property Insurance -$71
HOA -$115
Property Management Fees -$99
CASH FLOW
-$135

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.

$395,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

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

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,958

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
  • $1,826

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,7995$1,995
$1,995
RENT COMPS ANALYSIS
  • 21279 E Alyssa Road Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22218 S 211th Street Queen Creek, AZ 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
    •  
  • 21382 E Nightingale Road Queen Creek, AZ 3
    • 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
    •  
  • 22182 S 211th Street Queen Creek, AZ 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
    •  
  • 21852 S 214th Street Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2010
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lorraine Trow
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183021
Last Updated: 01/31/2021
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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