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2512 W Skyline Lane Queen Creek, AZ 85142

4 Beds 2 Baths 1,808 sqft Built 2003

$490,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $271.02
  • 85 Days on Market
  • MLS # : 6151885
  • Updated Date : 01/12/2021 at 02:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,808 sqft
  • Baths : 2 full
Listing Agent

Perfect Choice Real Estate

Listing Agent's Description

Come and enjoy the out doors, away from the city noise and yet close to it all!This beautiful house features 4 bedrooms, 2 bathrooms, 2 car garage.Take a look at this beauty, with plenty of room to roam, for horses, toys, etc.Entertain your guests in the huge Ramada that includes a walking deck, BBQ grilles TV hook up, Ceiling fans.

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
 

$441,000$539,000$490,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,702
Property Tax -$250
Property Insurance -$62
HOA -$9
Property Management Fees -$99
CASH FLOW
-$583

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.

$490,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.31%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,510

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3503$1,3954$1,5405$1,695
$1,695
RENT COMPS ANALYSIS
  • 2512 W Skyline Lane Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,808 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.85
    •  
  • 2961 W Bonnie Lane Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.71
    •  
  • 165 W Yellow Bee Drive San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2004
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 29744 N Yellow Bee Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2003
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 28630 N Desert Hills Drive San Tan Valley, AZ 5
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jesus Montano
Perfect Choice Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151885
Last Updated: 01/12/2021
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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