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22570 E Camina Plata Street Queen Creek, AZ 85142

4 Beds 3 Baths 2,308 sqft Built 2017

$435,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $188.47
  • 3 Days on Market
  • MLS # : 6156930
  • Updated Date : 11/06/2020 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,308 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Wonderful corner lot property with pristine pool! Split floor plan laid out with a fantastic game area, 4 gorgeous bedrooms, 3 baths, and tons of natural light in the great room. Awesome kitchen features stainless steel appliances, walk-in pantry, plethora of cabinets, and island for prep & breakfast bar. Beautiful master bedroom has a master bath boasting large shower, ample walk-in closet, and double sinks. Gather your friends in the backyard comprised of green grass, blue pool, covered patio with paver extended, personal putting green, and above ground spa. The Meridian community offers splash pad, pool, many parks, basketball court, etc. You must come see this property to appreciate everything it has!

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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,605
Property Tax -$371
Property Insurance -$72
HOA -$95
Property Management Fees -$99
CASH FLOW
-$302

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.

$435,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.45%

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9403$1,9954$2,0495$2,299
$2,299
RENT COMPS ANALYSIS
  • 22570 E Camina Plata Street Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 2,308 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,308 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.84
    •  
  • 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
    •  
  • 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 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
    •  
  • 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
Lisa Schugg
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156930
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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