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21360 S 200th Place Queen Creek, AZ 85142

3 Beds 3 Baths 3,361 sqft Built 2017

$599,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $178.22
  • 4 Days on Market
  • MLS # : 6163903
  • Updated Date : 11/26/2020 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,361 sqft
  • Baths : 3 full
Listing Agent

Denmar Realty

Listing Agent's Description

This house is loaded with tons of upgrades including granite counters, stainless steel appliances, wood plantation shutters and crown moulding. The very popular Annapolis model, has great outdoor space including a private courtyard and a backyard with an RV gate and room for storing your toys in the side yard that can't fit in the 3 car garage. Tons of space in the oversized laundry room and bonus room for your media/workout/relaxation space. This home is perfect whether you are a growing family or an empty nester. Don't let this one slip away!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $98k433k

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

Neighborhood: Victoria

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9912450

* 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
Desert Mountain Elementary School Primary Regular 481 20 9
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Desert Mountain Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
9
GreatSchools Rating

Newell Barney Junior High School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 35
7
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,210
Property Tax -$437
Property Insurance -$93
HOA -$85
Property Management Fees -$99
CASH FLOW
-$323

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.

$599,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,318

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
  • $2,902

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6503$3,0004$3,400
$3,400
RENT COMPS ANALYSIS
  • 21360 S 200th Place Queen Creek, AZ 1
    • 3 beds 3 baths ∙ 3,361 Sqft ∙ Built 2017 3 beds 3 baths ∙ 3,361 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21539 S 215th Place Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 23555 S 201st Way Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,617 Sqft ∙ Built 2004
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 20211 E Via Del Oro -- Queen Creek, AZ 4
    • 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2005
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeffrey C White
Denmar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163903
Last Updated: 11/26/2020
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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