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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $191.68
- 3 Days on Market
- MLS # : 6199349
- Updated Date : 02/26/2021 at 01:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,812 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
4BR/3BA & over 2,800 SF welcomes spacious, open floor plan w/ UPGRADES THROUGHOUT. The gourmet kitchen is a culinary dream offering black appliances, granite countertops, huge center island, & walk-in pantry! Getaway to the master suite with his/her vanities, separate shower/tub & walk-in closet. 75'' SMART TV in family room, carpet/tile throughout, ceiling fans in every room, and extra storage & countertop in laundry room! Entertain in the grassy backyard with extended paved patio! WALKING DISTANCE to community pool, park, & Faith Mather Elementary School. 10 minutes to Harkins Theaters, shopping, & dining! Less than 15 minutes to Mesa-Gateway Airport! 15 minutes from Legacy Sports Complex: Opening in 2022! 45 minutes to PHX Sky Harbor! This home is a must-see!
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PRICE & RENT TRENDS
Neighborhood: Meridian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meridian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,872 |
| Property Tax | -$393 | |
| Property Insurance | -$82 | |
| HOA | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$351
|
||
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.
$539,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,585
LOAN DETAILS
$1,872
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
1.92
YEARS SAVED
$6,497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,285
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
22937 E Desert Spoon Drive Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,190
- $0.78
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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
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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
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199349
Last Updated: 02/26/2021
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.
