Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $160.99
- 4 Days on Market
- MLS # : 6167186
- Updated Date : 12/04/2020 at 15:22
CONSTRUCTION
- Beds : 5
- Floor Size : 2,702 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This spacious, golf course home features 5 large upstair bedrooms and a convenient upstairs laundry room. The large loft has room for seating or working. Owner/Agent. The kitchen offers upgraded granite counters, large walk in pantry and eat in kitchen area. Downstairs is all entertainment with a large family room and even larger dining area and living room. The backyard offers an unobstructed view of the golf course, and the side yard can easily converted to a dog run. Take a short walk to a beautiful park. New gas water heater, microwave, and disposal. The roof was repaired and tiles replaced in Sept 2020.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,605 |
| Property Tax | -$317 | |
| Property Insurance | -$80 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$390
|
||
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.
$435,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| 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
$121,025
LOAN DETAILS
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
1.5
YEARS SAVED
$4,156
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,858
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
22156 E Calle De Flores -- Queen Creek, AZ 3
- 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,730
- $0.64
-
22806 S 214th Street Queen Creek, AZ 1
- 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,560 Sqft ∙ Built 2004
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,695
- $0.66
-
21191 E Avenida Del Valle Street Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,695
- $0.64
-
21172 E Avenida Del Valle -- Queen Creek, AZ 4
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2007
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,735
- $0.65
-
21141 E Via Del Oro -- Queen Creek, AZ 5
- 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,300
- $0.80
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167186
Last Updated: 12/04/2020
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.
