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21671 S 223rd Place Queen Creek, AZ 85142

5 Beds 5 Baths 3,416 sqft Built 2014

$699,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $204.63
  • 2 Days on Market
  • MLS # : 6206816
  • Updated Date : 03/13/2021 at 17:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,416 sqft
  • Baths : 4 full , 1 half
Listing Agent

San Tan Valley Real Estate Co., Llc

Listing Agent's Description

You will feel like you're on vacation every day in this highly sought after Charleston Estates home in Queen Creek with so many upgrades. Stunning stone accents, Five bedrooms, 4.5 bathrooms, spacious den, tile flooring, walk in pantry, and split floor plan will definitely check all your boxes with a beautiful sparkling pool and RV gate and 3 car garage. You will love the privacy of this home with a huge lot and a small green belt that runs behind the home. The kitchen offers a stone accented arch, Stainless steel appliances, chefs dream with double ovens, granite countertops, breakfast bar, and plenty of gorgeous cabinetry throughout open to the family room and dining room. The master suite has a large glass shower and soaking tub with separate vanities as well as a huge walk-in closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Charleston Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $97k416k

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

Neighborhood: Charleston Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9912312

* 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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,428
Property Tax -$528
Property Insurance -$94
HOA -$128
Property Management Fees -$99
CASH FLOW
-$707

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.

$699,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,461

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
  • $2,539

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0803$2,6504$2,750
$2,750
RENT COMPS ANALYSIS
  • 21671 S 223rd Place Queen Creek, AZ 1
    • 5 beds 5 baths ∙ 3,416 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,416 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21537 E Estrella Road Queen Creek, AZ 2
    • 6 beds 3 baths ∙ 3,186 Sqft ∙ Built 2007 6 beds 3 baths ∙ 3,186 Sqft ∙ Built 2007
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.65
    •  
  • 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
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 21521 S 215th Place Queen Creek, AZ 4
    • 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sherry Butler
San Tan Valley Real Estate Co., Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206816
Last Updated: 03/13/2021
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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