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22296 E Pecan Lane Queen Creek, AZ 85142

3 Beds 3 Baths 2,482 sqft Built 2017

$499,500

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $201.25
  • 3 Days on Market
  • MLS # : 6157365
  • Updated Date : 11/06/2020 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,482 sqft
  • Baths : 3 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

This STUNNING single level bungalow HAS IT ALL! Located on a nearly 9,000 sq ft PREMIUM corner lot next to community park in the highly sought after Queen Creek subdivision of La Sentiero! Boasting 3 oversized bedrooms, 3 FULL bathrooms, office and 3 CAR GARAGE! Breathtaking kitchen overlooks the spacious great room & features staggered White cabinetry, gorgeous quartz countertops, glass tile backsplash & stainless steel appliances! UPGRADES ABOUND & include soaring 10 ft ceilings, 15 ft stackable patio door, custom iron front door, 6 inch baseboards, upgraded fixtures, designer paint & more! Palatial master bedroom features dual sinks, oversized walk-in shower and large walk-in closet! Step into your BACKYARD OASIS with extended paver patio, view fencing & no neighbors behind! A MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Sentiero

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k347k

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

Neighborhood: La Sentiero

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9911932

* 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
 

$449,550$549,450$499,500

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,843
Property Tax -$364
Property Insurance -$76
HOA -$95
Property Management Fees -$99
CASH FLOW
-$447

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.

$499,500

PROJECTED PRICE

$2,030

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,252

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0303$2,0494$2,0495$2,300
$2,300
RENT COMPS ANALYSIS
  • 22296 E Pecan Lane Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.82
    •  
  • 22560 E Via Estancia -- Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2019
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 22617 E Via Las Brisas -- Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2019
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.93
    •  
  • 23134 S 224th Place Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.89
    •  
  • 21950 E Creosote Court Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2008
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Danielle M. Nichols
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157365
Last Updated: 11/06/2020
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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