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2236 W Aston Drive Queen Creek, AZ 85142

4 Beds 3 Baths 2,560 sqft Built 2017

$419,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $163.67
  • 2 Days on Market
  • MLS # : 6184961
  • Updated Date : 01/23/2021 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Immaculate & Move In Ready! This Gorgeous 2017 Built, Great Room Plan includes 4 Bedrooms + Den & 2.5 Baths on a Huge Lot and has Plenty of Room and Plenty of Upgrades. White Cabinets - Quaqrtz Counter Tops - SS Appliances & a Built In Fridge. Upgraded Tile - Plantation Shutters - Walk In Closets & Ceiling Fans Throughout. Over Height 3 Car Tandem Garage and RV Gate. Huge Covered Patio, Plenty of Raised Planters and Fruit Trees + Wired for Spa in the Rear Yard. If your looking for the best you have to see this home.

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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,455
Property Tax -$209
Property Insurance -$77
HOA -$62
Property Management Fees -$99
CASH FLOW
-$192

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.

$419,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6953$1,7004$1,7105$1,835
$1,835
RENT COMPS ANALYSIS
  • 2236 W Aston Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.67
    •  
  • 34543 N Mirandesa Drive San Tan Valley, AZ 1
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.61
    •  
  • 34974 N Bandolier Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 35082 N Laredo Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1931 W Desert Spring Way Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.72
    •  
PROPERTY LISTING DETAILS
Jeff Blair
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184961
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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