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23370 S 201st Street Queen Creek, AZ 85142

4 Beds 3 Baths 2,402 sqft Built 2004

$579,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $241.05
  • 3 Days on Market
  • MLS # : 6178348
  • Updated Date : 01/08/2021 at 04:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,402 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ashby Realty Group, Llc

Listing Agent's Description

Beautiful Custom home on a nearly half acre lot located in Terra Ranch. This is a very desirable and well established neighborhood. A great family home with a split floor plan, open living areas, with a well designed kitchen. The master bedroom and living rooms feel spacious and airy with 12 feet ceilings. The 3 car garage is extended in both length and hight and will easily accommodate your truck. The garage also has a newer oversized AC unit capable cooling the entire garage. The back yard has a large extended covered patio that is perfect for entertaining friends and family. The back yard also has more than enough room to park your trailer on the side of the house, and is not an HOA violation. This home will not last long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terra Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k528k

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

Neighborhood: Terra Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9912547

* 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
Desert Mountain Elementary School Primary Regular 481 20 9
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Desert Mountain Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
9
GreatSchools Rating

Newell Barney Junior High School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 35
7
GreatSchools Rating

Queen Creek High School

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

$521,100$636,900$579,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$2,011
Property Tax -$437
Property Insurance -$74
HOA -$6
Property Management Fees -$99
CASH FLOW
-$538

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.

$579,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.36%

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-$10k-$5.0k$0.0$5.0k$10k

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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$2,0504$2,0905$2,200
$2,200
RENT COMPS ANALYSIS
  • 23370 S 201st Street Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.87
    •  
  • 21030 E Pecan Lane Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 22356 S 211th Street Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 20496 E Colt Drive Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 21302 S 202nd Street Queen Creek, AZ 5
    • 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lyle Burton
Ashby Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178348
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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