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21469 E Roundup Way Queen Creek, AZ 85142

5 Beds 5 Baths 3,390 sqft Built 2007

$555,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $163.98
  • 2 Days on Market
  • MLS # : 6170614
  • Updated Date : 12/12/2020 at 16:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,390 sqft
  • Baths : 5 full
Listing Agent

Glass House International

Listing Agent's Description

Open House Sat & Sun 11am- 5pm. Welcome Home! This stunning home has been remodeled with meticulous craftsmanship with gorgeous updates throughout... PLUS a 4-CAR GARAGE. New kitchen overhaul with extra wide quartz island, farmhouse sink, new backsplash, new appliances, and more. New luxury flooring throughout, new 5 inch baseboards, window casings, and door trim.. the list goes on! 5 spacious rooms and bonus room PLUS 5 FULL baths. 2 bedrooms and baths on main floor with charming side-entry courtyard. To top it off your backyard oasis awaits... sparkling pool, palm trees, flowers, green grass, firepit area, and awesome covered patio! Perfectly located in NW side of Queen Creek for easy access to freeway and shopping. Ask me for emailed video walk-thru! Listing agent related to owner

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Langley Gateway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k355k

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

Neighborhood: Langley Gateway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9891882

* 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
 

$500,310$611,490$555,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,051
Property Tax -$420
Property Insurance -$93
HOA -$85
Property Management Fees -$99
CASH FLOW
-$238

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.

$555,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,064

INVESTMENT

$153,064

Down Payment
$138,975
Rehab Estimate
$5,750
Closing Costs
$8,339

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $138,975
Loan Amount $416,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$18,847

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
  • $2,678

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,6504$2,670
$2,670
RENT COMPS ANALYSIS
  • 21469 E Roundup Way Queen Creek, AZ 1
    • 5 beds 5 baths ∙ 3,390 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,390 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22060 E Rosa Road Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 2013
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.69
    •  
  • 21539 S 215th Place Queen Creek, AZ 3
    • 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
    •  
  • 21457 E Maya Road Queen Creek, AZ 4
    • 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jill K Andrus
Glass House International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170614
Last Updated: 12/12/2020
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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