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21370 E Via Del Rancho -- 
Queen Creek, AZ
85142
4 Beds 3 Baths 2,335 sqft
Built 2004
INVESTimate
$354,900
List Price
$99,799
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $151.99
- 2 Days on Market
- MLS # : 6122331
- Updated Date : 08/25/2020 at 11:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,335 sqft
- Baths : 3 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this single story home on a golf course lot in Villages at Queen Creek! New carpet throughout. A formal living room and den with an ensuite bathroom are just off the foyer. The faamily room is open to the kitchen at the back of the home, great when enteraining. The kitchen features granite tile countertops with a pub style breakfast bar and stainless steel appliances. Split floorplan for added privacy. The primary bedroom has an ensuite bathroom with dual sinks, separate shower and tub, and a walk in closet. The backyard has a covered patio and grass area and overlooks the golf course. Don't miss this one, view today!
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PRICE & RENT TRENDS
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,309 |
| Property Tax | -$259 | |
| Property Insurance | -$73 | |
| HOA | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$24
|
||
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.
$354,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,799
LOAN DETAILS
$1,309
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
5.83
YEARS SAVED
$27,453
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
-
$1,845
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
21370 E Via Del Rancho -- Queen Creek, 1
- 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
21168 E Tierra Grande Drive Queen Creek, 2
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,575
- $0.71
-
21255 E Pecan Lane Queen Creek, 3
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.73
-
21128 E Avenida Del Valle -- Queen Creek, 4
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.85
-
21234 E Pecan Lane Queen Creek, 5
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122331
Last Updated: 08/25/2020
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.
