Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

23653 S 213th Street Queen Creek, AZ 85142

5 Beds 3 Baths 2,294 sqft Built 2013

$399,990

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $174.36
  • 2 Days on Market
  • MLS # : 6207534
  • Updated Date : 03/20/2021 at 16:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,294 sqft
  • Baths : 3 full
Listing Agent

American Allstar Realty

Listing Agent's Description

Amazing 5 bedroom, 3 bath, 2294 sq ft located in highly sought after Hastings Farms community in Queen Creek! Bedroom and full bathroom downstairs. Beautiful open kitchen with granite countertops and a large kitchen island, gas stove and lots of cabinets. New stove & microwave. Master bedroom has a large walk-in shower, walk-in closet and double sinks. Eco-nest thermostats, ceiling fans and window coverings throughout. Nice size secondary bedrooms. Side door at garage. Corner lot backing to a nice open area, no homes directly behind. Community features a soccer field; sand volleyball court, playgrounds and a walking trail that extends to Mansel Carter Oasis park! Close to shopping, restaurants, golf and schools.

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
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,389
Property Tax -$292
Property Insurance -$72
HOA -$115
Property Management Fees -$99
CASH FLOW
-$57

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.

$399,990

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7993$1,9104$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 23653 S 213th Street Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.83
    •  
  • 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
    •  
  • 22182 S 211th Street Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2006
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.78
    •  
  • 20988 E Cherrywood Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 21234 E Pecan Lane Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
PROPERTY LISTING DETAILS
Andrea L Ortega
American Allstar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207534
Last Updated: 03/20/2021
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.

BESbswy