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22242 S 211th Street Queen Creek, AZ 85142

4 Beds 3 Baths 2,651 sqft Built 2006

$370,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $139.57
  • 2 Days on Market
  • MLS # : 6179036
  • Updated Date : 01/10/2021 at 00:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,651 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Spacious 2651 sq ft 4 bedroom 2.5 bath 2 story home. All bedrooms upstairs w/laundry room and loft. Master bath remodeled (2020) w/luxurious oversized walk in shower w/bench. Large master bedroom w/walk in closet. Full open concept kitchen w/two generous living areas. Interior fully repainted. Newer stainless steel appliances in kitchen and new water heater (2020). Two car garage w/built in overhead storage, epoxy flooring and key pad. 3 citrus trees. No scorpions in/out. Community private pool.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indigo Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k338k

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

Neighborhood: Indigo Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8641882

* 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
Frances Brandon-pickett Elementary School Primary Regular 478 22 9
Frances Brandon-pickett Elementary School Middle Regular 478 22 9
Queen Creek High School High Regular 1,799 73 5

Frances Brandon-pickett Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Frances Brandon-pickett Elementary School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,285
Property Tax -$280
Property Insurance -$79
HOA -$73
Property Management Fees -$99
CASH FLOW
$124

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.

$370,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$32,269

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,940

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7354$1,7995$1,940
$1,940
RENT COMPS ANALYSIS
  • 22242 S 211th Street Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.73
    •  
  • 21041 E Duncan Street Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.67
    •  
  • 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 3
    • 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
    •  
  • 22182 S 211th Street Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179036
Last Updated: 01/10/2021
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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