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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $161.61
- 7 Days on Market
- MLS # : 6185611
- Updated Date : 01/30/2021 at 18:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,011 sqft
- Baths : 2 full , 1 half
Listing Agent
Call Realty, Inc.
Listing Agent's Description
RECENTLY REMODELED WITH PLANK TILE FLOORING DOWNSTAIRS , CONCRETE COUNTER TOPS IN KITCHEN WITH SUBWAY TILE BACK SPLASH, NEW WINDOW TREATMENTS, LED LIGHTING PACKAGE , NEW CEILING FANS THROUGHOUT ,NEW TILED FLOOR BATHROOMS WITH NEW TUB /SHOWER TILE . MASTER BATH TUB IS OVER SIZED, LARGE GRASS BACK YARD, UPSTAIRS LOFT COULD BE CONVERTED TO 5TH BEDROOM. CLOSE TO SCHOOLS AND SHOPPING
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$199 | |
| Property Insurance | -$66 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$135
|
||
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.
$325,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.5
YEARS SAVED
$30,398
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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2391 W Allens Peak Drive W Queen Creek, AZ 1
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- Rent Per SQFT
- $0
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- 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
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2709 W Hayden Peak Drive Queen Creek, AZ 3
- 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,550
- $0.80
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2365 W Jasper Butte Drive Queen Creek, AZ 4
- 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2002
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.85
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2424 W Tanner Ranch Road Queen Creek, AZ 5
- 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185611
Last Updated: 01/30/2021
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.
