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23374 S 209th Place Queen Creek, AZ 85142

4 Beds 3 Baths 3,034 sqft Built 2017

$549,500

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $181.11
  • 4 Days on Market
  • MLS # : 6186545
  • Updated Date : 01/29/2021 at 00:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,034 sqft
  • Baths : 3 full
Listing Agent

Conway Real Estate

Listing Agent's Description

Built in 2017 Nestled on a premium lot with greenbelt on the north side and behind, this beautiful home has everything! Wood plank tiles in shades of grey in all the right places, Upgraded Berber carpet with dining area. Stunning cottage style cabinetry with soft close doors and drawers throughout the home. Stunning upgraded Gourmet kitchen with Kitchen Aid appliances with granite countertops and modern gray cabinets sprawling to the ceiling, topped off with beautifully detailed crown molding. Gas fireplace in the great room with custom wood mantle and floating shelves give dramatic appeal. Home has plantation style shutters and water softener installed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hastings Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k357k

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

Neighborhood: Hastings Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9912020

* 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
Queen Creek Elementary School Primary Regular 495 29 8
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Queen Creek Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 29
8
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
 

$494,550$604,450$549,500

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,909
Property Tax -$401
Property Insurance -$86
HOA -$112
Property Management Fees -$99
CASH FLOW
-$256

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.

$549,500

PROJECTED PRICE

$2,350

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,368

INVESTMENT

$151,368

Down Payment
$137,375
Rehab Estimate
$5,750
Closing Costs
$8,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,909

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,375
Loan Amount $412,125
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$12,987

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
  • $2,495

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,6505$2,670
$2,670
RENT COMPS ANALYSIS
  • 23374 S 209th Place Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21302 S 202nd Street Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 21141 E Via Del Oro -- Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 21539 S 215th Place Queen Creek, AZ 4
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 21457 E Maya Road Queen Creek, AZ 5
    • 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.86
    •  
PROPERTY LISTING DETAILS
Terry Lynch
Conway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186545
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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