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2317 W Gold Dust Avenue Queen Creek, AZ 85142

4 Beds 2 Baths 1,465 sqft Built 2007

$290,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $197.95
  • 6 Days on Market
  • MLS # : 6171588
  • Updated Date : 12/16/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Rcp Real Estate Llc

Listing Agent's Description

Beautiful single story move in ready home! Beautiful bright kitchen with upgraded marble counter tops and stainless steel appliances. Breakfast bar and dining in great room offer multiple entertaining options. Nicely upgraded light fixtures and ceiling fans throughout. Desirable split floor plan. Spacious closet in the master bedroom. Upgraded vanity in master bath. Three additional bedrooms. No carpet in any of the bedrooms! Gravel backyard is a blank slate for relaxation and entertaining!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,070
Property Tax -$144
Property Insurance -$56
HOA -$25
Property Management Fees -$99
CASH FLOW
-$4

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.

$290,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2954$1,3505$1,470
$1,470
RENT COMPS ANALYSIS
  • 2317 W Gold Dust Avenue Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2620 W Kristina Avenue Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 2210 W Kristina Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2173 W Gold Dust Avenue Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2005
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 2282 W Kristina Avenue Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jason Moss
Rcp Real Estate Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171588
Last Updated: 12/16/2020
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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