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2256 W Jasper Butte Drive Queen Creek, AZ 85142

3 Beds 2 Baths 1,893 sqft Built 2002

$315,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $166.40
  • 5 Days on Market
  • MLS # : 6172004
  • Updated Date : 12/16/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,893 sqft
  • Baths : 2 full
Listing Agent

Desert Wind Property Mgmt And Real Estate

Listing Agent's Description

Well kept 3 bedroom 2 bath single level beauty! Formal living and dining areas. Gourmet Kitchen boasts a center island breakfast bar plus dining area and stainless appliances. Kitchen is open to a spacious family room. Neutral tile flooring highlights main part of home. Master suite has walk in closet PLUS a second closet! Master bath offers separate tub and shower. There are two additional roomy bedrooms, and a second full bath. Covered patio for entertaining. Desert front and back yards for easy maintenance. Ceiling fans,surround sound, security system.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,162
Property Tax -$157
Property Insurance -$64
HOA -$25
Property Management Fees -$99
CASH FLOW
$33

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.

$315,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$25,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4994$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 2256 W Jasper Butte Drive Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2717 W Gold Dust Avenue San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 2614 W Gold Dust Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.78
    •  
  • 2060 W Goldmine Mountain Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.84
    •  
  • 2365 W Jasper Butte Drive Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Marion Rodriguez
Desert Wind Property Mgmt And Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172004
Last Updated: 12/16/2020
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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