Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

22761 S 215th Street Queen Creek, AZ 85142

4 Beds 2 Baths 1,692 sqft Built 2003

$355,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $209.81
  • 1 Days on Market
  • MLS # : 6173273
  • Updated Date : 12/19/2020 at 18:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,692 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

R NEW HOME IS ON THE 1ST HOLE ON LAS COLINAS GOLF COURSE. 4 BEDROOMS 2 BATHS, NEW CARPET, TILE AND FRESHLY PAINTED T/O. NEW TOILETS, MIRRORS AND LIGHTS IN THE BATHROOMS. THE SECOND BATHROOM IS A JACK AND JILL STYLE. THE MASTER BEDROOM HAS A BAY WINDOW AND WALK IN CLOSET. MASTER BATHROOM HAS A SEPARATE SHOWER, DOUBLE SINKS AND A SOAKING TUB. THE KITCHEN HAS A STAINLESS STEEL JENN-AIR REFRIGERATOR AND KITCHEN AID MICROWAVE AND A PANTRY. THE GARAGE FLOOR IS EPOXY. THE BACKYARD HAS A COVERED PATIO AND A GOLF COURSE VIEW WITH ROD IRON RENCE. THE COMMUNITY OFFERS BIKING/WALKING PATHS, CHILDRENS PLAYGROUND, CLUBHOUSE/REC ROOM, TENNIS COURTS, MEDIA ROOM, HEATED POOL, WORKOUT FACILITY & GOLF COURSE. FRANCES BRANDON PICKETT ELEMENTARY SCHOOL IS IN THE NEIGHBORHOOD

SEE MORE

PRICE & RENT TRENDS

Neighborhood: The Villages at Queen Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k338k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Villages at Queen Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8801882

* 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
Frances Brandon-pickett Elementary School Primary Regular 478 22 9
Frances Brandon-pickett Elementary School Middle Regular 478 22 9
Queen Creek High School High Regular 1,799 73 5

Frances Brandon-pickett Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Frances Brandon-pickett Elementary School

  • Education Level: Middle
  • # of students: 478
  • # of teachers: 22
9
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,310
Property Tax -$259
Property Insurance -$60
HOA -$19
Property Management Fees -$99
CASH FLOW
$34

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$355,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$29,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5753$1,6954$1,7505$1,780
$1,780
RENT COMPS ANALYSIS
  • 22761 S 215th Street Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.05
    •  
  • 21418 E Camina Plata Court Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 22368 S 211th Street Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2007
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 21448 E Palm Valley Circle Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2004
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 21362 E Via Del Palo -- Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2005
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lori Wegner
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173273
Last Updated: 12/19/2020
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.

BESbswy