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2391 W Allens Peak Drive 
Queen Creek, AZ
85142
4 Beds 3 Baths 2,011 sqft
Built 2003
INVESTimate
$345,000
List Price
$97,175
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $171.56
- 3 Days on Market
- MLS # : 6122071
- Updated Date : 08/25/2020 at 12:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,011 sqft
- Baths : 2 full , 1 half
Listing Agent
Call Realty, Inc.
Listing Agent's Description
JUST REMODELED WITH NEW PLANK TILE FLOORING DOWNSTAIRS, CONCRETE COUNTER TOPS IN KITCHEN WITH SUBWAY TILE BACK SPLASH, NEW WINDOW TREATMENTS, FRESH PAINT INSIDE AND OUT. UPGRADED BATHROOMS. LED LIGHTING PACKAGE. CARPETED UPSTAIRS. NEW CEILING FANS. LARGE GRASS BACK YARD. CLOSE TO SHOPPING AND SCHOOLS. NEWER APPLIANCES INCLUDE DISH WASHER , STOVE, REFRIGERATOR , WASHER AND DRYER
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PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$172 | |
| Property Insurance | -$66 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$146
|
||
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.
$345,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
3.42
YEARS SAVED
$11,690
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
-
$1,518
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
2391 W Allens Peak Drive Queen Creek, 1
- 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2639 W Camp River Road Queen Creek, 2
- 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,345
- $0.70
-
33143 N North Butte Drive Queen Creek, 3
- 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2003
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,495
- $0.74
-
2614 W Gold Dust Avenue Queen Creek, 4
- 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2005
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,499
- $0.78
-
2709 W Hayden Peak Drive Queen Creek, 5
- 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.80
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122071
Last Updated: 08/25/2020
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.
