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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $170.21
- 5 Days on Market
- MLS # : 6177410
- Updated Date : 01/06/2021 at 05:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,880 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
Beautiful ready to move-in home located in Skyline Ranch community. Perfect family home or investment property. Home features vaulted ceilings, fresh steam cleaned carpets and generous granite counter top space. Formal living and dining area, kitchen features a large pantry, breakfast bar and eat in dining, also includes dishwasher and oven. Comes with a water softener so its nice and gentle on your skin! Plenty of space to raise a family. Large master suite with walk in closet, separate shower and tub, along with 3 spacious bedrooms. Large backyard space that includes a timed irrigation system. Awesome location! In proximity to grocery stores, medical, and other services. Schedule your showing today before it's gone!
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PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* 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 | -$1,111 |
| Property Tax | -$159 | |
| Property Insurance | -$64 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$174
|
||
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.
$320,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
8.17
YEARS SAVED
$34,053
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
-
$1,753
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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2204 W Vineyard Plains Drive Queen Creek, AZ 1
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- Rent
- Rent Per SQFT
- $0
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1925 W San Tan Hills Drive Queen Creek, AZ 2
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
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LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
1963 W Agrarian Hills Drive Queen Creek, AZ 3
- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
1647 W Harris Avenue Queen Creek, AZ 4
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,799
- $0.95
-
1635 W Harris Avenue Queen Creek, AZ 5
- 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2020
![property image]()
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.95
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177410
Last Updated: 01/06/2021
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.
