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21727 E Estrella Road Queen Creek, AZ 85142

5 Beds 4 Baths 3,700 sqft Built 2006

$450,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $121.62
  • 3 Days on Market
  • MLS # : 6176059
  • Updated Date : 01/02/2021 at 23:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,700 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

This basement home in the heart of Queen Creek with a pool and 6 bedrooms and is ready to become your ! Pool installed 9/2017. The first level features the kitchen living room, an office, the master retreat, a full bath and a 2nd bedroom. The kitchen which opens to a large dining room. Kitchen boasts plenty of cabinets, Island, stainless appliances and more. Master is large with a great bathroom, and closet. The Basement has a large open space plus 3 bedrooms and 2 full bathrooms along with a large storage room. Out back there is a pool built in 2017, large grass area, planters in the sideyard and lots of trees. This home is well located near the shops of Ellsworth Crossing, quick access to the 24, hospitals, nature and more. Book your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crismon Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k441k

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

Neighborhood: Crismon Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9912193

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,660
Property Tax -$340
Property Insurance -$99
HOA -$110
Property Management Fees -$99
CASH FLOW
$352

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.

$450,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) -0.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$67,127

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
  • $2,683

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,750
$2,750
RENT COMPS ANALYSIS
  • 21727 E Estrella Road Queen Creek, AZ 1
    • 5 beds 4 baths ∙ 3,700 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,700 Sqft ∙ Built 2006
    • 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
    •  
  • 21521 S 215th Place Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,595 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Matthew Long
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176059
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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