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22738 E Avenida Del Valle -- Queen Creek, AZ 85142

4 Beds 3 Baths 2,799 sqft Built 2018

$549,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $196.46
  • 2 Days on Market
  • MLS # : 6203326
  • Updated Date : 03/06/2021 at 22:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,799 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful home is the outstanding Meridian is everything you've dreamed of! Great curb appeal, 2 car garage, desert front yard, and lovely courtyard. Walk down the hallway to the pristine great room which boasts tons of natural light, wood plank tile, and clean lines. Magazine cover kitchen features staggered cabinets w/crown molding, cutting-edge appliances, tile backsplash, granite counters, and island w/breakfast bar. You'll also find a den and a bonus room. The master suite has carpet, exit to back patio, and barn door to the immaculate ensuite with dual vanity, glass shower, freestanding tub, and walk-in closet. Backyard is the right place to relax & enjoy the fresh air. This incredible community offers parks, resort-style pool, and lush green areas. Words don't make it justice!

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,910
Property Tax -$401
Property Insurance -$82
HOA -$95
Property Management Fees -$99
CASH FLOW
-$337

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.

$549,900

PROJECTED PRICE

$2,250

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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    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$2,2503$2,3004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 22738 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
    •  
    • $2,250
    • $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
Eric A Flores
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203326
Last Updated: 03/06/2021
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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