Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $167.30
- 2 Days on Market
- MLS # : 6168256
- Updated Date : 12/05/2020 at 15:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,584 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautiful move in ready Queen Creek home available on a desirable corner lot in Morning Sun Farms. 3 bed, 2 bath with a spacious open floor plan and tasteful finishes from wall to wall. Soaring vaulted ceilings, pot shelving, warm custom paint tones, and gorgeous wood and tile flooring throughout. Stylish kitchen is complete with plenty of cabinet and counter space, an island w/ breakfast bar and a sunny dining nook. Bedrooms are generously sized and the master includes a walk in closet and a private ensuite. 2 car garage. Large backyard offers mature trees, a charming paver patio, a firepit and lots of room for pets, play, gardening and so much more. All conveniently located near schools, shopping and restaurants. This gem will sell in a flash. See it and make it yours.
SEE MORE
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 | $1,280 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$132 | |
| Property Insurance | -$58 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$49
|
||
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.
$265,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.48%
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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
4.5
YEARS SAVED
$13,742
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,398
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2657 W Sawtooth Way Queen Creek, AZ 1
- 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,280
- $0.81
-
2648 W Sawtooth Way Queen Creek, AZ 2
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2003
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,299
- $0.86
-
2497 W Bartlett Way Queen Creek, AZ 3
- 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,395
- $0.88
-
2855 W Yellow Peak Drive Queen Creek, AZ 4
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,575
- $0.89
-
2863 W San Carlos Lane Queen Creek, AZ 5
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,585
- $0.90
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168256
Last Updated: 12/05/2020
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.
