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22456 E Via Del Verde Drive Queen Creek, AZ 85142

3 Beds 2 Baths 2,202 sqft Built 2015

$495,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $224.80
  • 4 Days on Market
  • MLS # : 6176796
  • Updated Date : 01/09/2021 at 01:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,202 sqft
  • Baths : 2 full
Listing Agent

Local Property Management, Llc

Listing Agent's Description

Professional pics coming soon! Gorgeous customized single owner home! From the open kitchen with granite countertops, oversized island and stainless steel appliances complete with gas stove to the backyard with the stunning ocean mural making your float in the pool feel like a beach vacation, this home checks all of the boxes for entertaining, relaxing and enjoying where you live. Washer/Dryer/Fridge and Water Softener convey. Home has a tankless water heater and the exterior of the home was painted in 2020. Queen size Murphy bed conveys. Surround sound inside and outside will convey. TV mounts can be left if buyer would like. This home has 2 separate den/office areas in addition to the spacious rooms and living areas. Community has a pool, splash pad and several parks and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meridian

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Meridian

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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,719
Property Tax -$361
Property Insurance -$70
HOA -$102
Property Management Fees -$99
CASH FLOW
-$311

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.

$495,000

PROJECTED PRICE

$2,040

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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,9003$1,9954$2,0405$2,049
$2,049
RENT COMPS ANALYSIS
  • 22456 E Via Del Verde Drive Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 2,202 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,202 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.93
    •  
  • 23382 S 222nd Street Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,038 Sqft ∙ Built 2005
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 22560 E Via Estancia -- Queen Creek, AZ 2
    • 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
    •  
  • 22751 E Calle Luna -- Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2019
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 23134 S 224th Place Queen Creek, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Valerie Beth Artis
Local Property Management, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176796
Last Updated: 01/09/2021
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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