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21910 S 215th Street Queen Creek, AZ 85142

3 Beds 2 Baths 1,783 sqft Built 2011

$350,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Nauvoo Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k377k

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

Neighborhood: Nauvoo Station

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5624$1,6255$1,720
$1,720
RENT COMPS ANALYSIS
  • 21910 S 215th Street Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21534 E Domingo Road Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 21116 E Pickett Street Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2009
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,562
    • $0.84
    •  
  • 22050 S 211th Street Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,864 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 21853 S 214th Street Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,783 Sqft ∙ Built 2010
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sue Little
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170622
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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