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22668 E Avenida Del Valle -- Queen Creek, AZ 85142

3 Beds 3 Baths 2,799 sqft Built 2017

$495,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $176.85
  • 2 Days on Market
  • MLS # : 6159171
  • Updated Date : 12/04/2020 at 18:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,799 sqft
  • Baths : 2 full , 1 half
Listing Agent

Movingaz Realty, L.l.c.

Listing Agent's Description

This Single Level Home Rests on Prime Corner Lot backing up to Lush Greenbelt and is located in the Highly Desirable Meridian Community. Amenities include Community Gardens, Basketball Court and Pool. Only One Neighbor! 3 Bedroom with Den, 2.5 Bathroom, Split Floorplan, Soaking Tub, Granite Countertops, Wood Look Tile, 9 foot ceilings, 8 Foot Doors, New Pool, Turf, Pavers in both Front and Back.

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

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,826
Property Tax -$361
Property Insurance -$82
HOA -$95
Property Management Fees -$99
CASH FLOW
-$223

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

$2,240

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,2403$2,3004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 22668 E Avenida Del Valle -- Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,799 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,799 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.80
    •  
  • 22464 E Munoz Street Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 2,588 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,588 Sqft ∙ Built 2016
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 22144 E Domingo Road Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 22318 S 226th Place Queen Creek, AZ 4
    • 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.85
    •  
  • 22572 E Pecan Court Queen Creek, AZ 5
    • 4 beds 4 baths ∙ 3,061 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,061 Sqft ∙ Built 2014
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Teresa M Mouffe
Movingaz Realty, L.l.c.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159171
Last Updated: 12/04/2020
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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