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PROPERTY INFO
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
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PRICE & RENT TRENDS
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Villages at Queen Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
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
-
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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173273
Last Updated: 12/19/2020
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.
