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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $176.55
- 2 Days on Market
- MLS # : 6158450
- Updated Date : 11/28/2020 at 23:05
CONSTRUCTION
- Beds : 5
- Floor Size : 2,294 sqft
- Baths : 3 full
Listing Agent
Delex Realty
Listing Agent's Description
Beautiful Private POOL home with HEATED SPA, 2 water features and a Baha!Enjoy your back yard and a home big enough to entertain. 4 Bedrooms up stairs including huge master with walk in shower , double vanity and walk in closet.Down stairs has an office/Bedroom with a full bath. Interior walls and baseboards painted in November. All rooms have ceiling fans and ceiling fan on back porch. Kitchen cabinets have been upgraded to have self closing hinges. The community has a huge Soccer field, sand volley ball courts and kid parks galore. Lots of grass in the common areas to enjoy. Home is listed by Agent/Owner.
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PRICE & RENT TRENDS
Neighborhood: Hastings Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hastings Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$295 | |
| Property Insurance | -$72 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$332
|
||
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.
$405,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,075
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
1.58
YEARS SAVED
$4,546
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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23749 S 213th Street Queen Creek, AZ 3
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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
LEASED 07/01/20- Rent
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- $1,650
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21255 E Pecan Lane Queen Creek, AZ 2
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,675
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21373 E Calle De Flores -- Queen Creek, AZ 4
- 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2002
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
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
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6158450
Last Updated: 11/28/2020
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.
