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2204 W Vineyard Plains Drive Queen Creek, AZ 85142

4 Beds 2 Baths 1,880 sqft Built 2005

$320,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
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!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$288,000$352,000$320,000

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 -$1,111
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

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

PROJECTED ANNUAL CASH FLOW

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

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

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
$0
1$02$1,4953$1,7954$1,7995$1,800
$1,800
RENT COMPS ANALYSIS
  • 2204 W Vineyard Plains Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    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
Johnnie Heras
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177410
Last Updated: 01/06/2021
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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