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2439 W Morning Sun Circle Queen Creek, AZ 85142

3 Beds 2 Baths 2,760 sqft Built 2007

$430,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $155.80
  • 89 Days on Market
  • MLS # : 6146256
  • Updated Date : 01/08/2021 at 23:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,760 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

*RARE FIND* Former model, Pride of ownership, move in ready located in the Beazer Morning Sun Farms tract. The private like neighborhood with a circular drive cul-de-sac has a park that includes a canopy covered children's play area, picnic tables and plenty of space to run around, placed in the center of this unique neighborhood. This attractive single-story home sits on just over a 1/4 acre of land with a large common space located on the left/southeast side to give you even more space from neighboring home. Welcoming you at the front steps of this home is a well-built new Renewal front door by Andersen, with a lifetime warranty.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,494
Property Tax -$221
Property Insurance -$81
HOA -$62
Property Management Fees -$99
CASH FLOW
-$496

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.

$430,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$473

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
  • $1,511

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,4995$1,625
$1,625
RENT COMPS ANALYSIS
  • 2439 W Morning Sun Circle Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 2,760 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,760 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3118 W Yellow Peak Drive San Tan Valley, AZ 2
    • 3 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.53
    •  
  • 3320 W Yellow Peak Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.55
    •  
  • 33206 N Cherry Creek Road San Tan Valley, AZ 4
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2004
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.51
    •  
  • 887 W Desert Basin Drive San Tan Valley, AZ 5
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2005
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.60
    •  
PROPERTY LISTING DETAILS
Cherie Hoffman
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6146256
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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