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22475 E Munoz Street Queen Creek, AZ 85142

3 Beds 3 Baths 2,303 sqft Built 2016

$470,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $204.08
  • 3 Days on Market
  • MLS # : 6196616
  • Updated Date : 02/20/2021 at 03:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,303 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful three bedroom, three bathroom home with a den. Popular split floorplan with a front bedroom with ensuite bathroom. The kitchen has a large granite island and upgraded 42 inch cabinets. Front yard has artificial grass. Dual sliding glass doors bring the outdoors in. Backyard is an entertainers dream with a gas firepit, gas decorative fire bowls a neon lit spa, pool and water features. There is an extended covered patio with a built in BBQ and travertine pavers accented with tropical foliage.

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,632
Property Tax -$343
Property Insurance -$72
HOA -$102
Property Management Fees -$99
CASH FLOW
-$298

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.

$470,000

PROJECTED PRICE

$1,950

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,101

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,1004$2,1855$2,299
$2,299
RENT COMPS ANALYSIS
  • 22475 E Munoz Street Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 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
    •  
  • 21914 E Domingo Road Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 2,343 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,343 Sqft ∙ Built 2010
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 23085 E Desert Spoon Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2018
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,185
    • $0.95
    •  
  • 22981 E Camina Buena Vista Queen Creek, AZ 5
    • 3 beds 3 baths ∙ 2,442 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,442 Sqft ∙ Built 2018
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sean Mcfarlane
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196616
Last Updated: 02/20/2021
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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