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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $196.30
- 2 Days on Market
- MLS # : 6170622
- Updated Date : 12/12/2020 at 07:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,783 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Awesome 3 bed/2 bath home nestled in the beautiful Nauvoo Station neighborhood! Conveniently located close to walking paths, community park, shopping, dining, and minutes from Historic Downtown Queen Creek. An adorable covered front porch greets you to this single story home. Inside you'll find a den/office, formal dining room, and fabulous kitchen offering white cabinets, recessed lighting, granite counters, pantry, island w/breakfast bar, and all matching black appliances. The family room is adjacent to kitchen for an added comfort! Spacious master suite has private exit and full bath with separate tub/shower, dual sinks, and walk-in closet. There's wood flooring in the right places! Lovely backyard offers artificial turf, firepit, ramada, and covered patio w/paver extended. Must see!
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PRICE & RENT TRENDS
Neighborhood: Nauvoo Station
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Nauvoo Station
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$264 | |
| Property Insurance | -$62 | |
| HOA | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$350,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.33
YEARS SAVED
$11,091
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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22050 S 211th Street Queen Creek, AZ 4
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LEASED 05/15/20- Rent
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- $1,625
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21853 S 214th Street Queen Creek, AZ 5
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LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,720
- $0.96
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170622
Last Updated: 12/12/2020
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.
