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26704 S 197th Place Queen Creek, AZ 85142

4 Beds 2 Baths 2,052 sqft Built 2004

$520,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $253.41
  • 3 Days on Market
  • MLS # : 6186441
  • Updated Date : 01/29/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This beautiful ranch style home on ONE ACRE features 4 bedrooms and 2 baths PLUS the 3rd car garage has been converted into a DARLING bakery! This bakery has its own entrance from the outside! SO many possibilities! When you walk into the home you will appreciate the vaulted ceilings and the open floor plan with a beautiful gas fire place in the family room! The kitchen features granite counter tops and beautiful cabinets that have recently been refinished. Master bathroom is large with a nice walk-in closet! Separate shower and tub with double sinks! The backyard is VERY spacious with ENDLESS possibilities! Great area for horses or maybe you want to build a pool or even build a guest home! You will appreciate the artificial turf as well as the beautiful stamped concrete.

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
Queen Creek Elementary School Primary Regular 495 29 8
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Queen Creek Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 29
8
GreatSchools Rating

Newell Barney Junior High School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 35
7
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,806
Property Tax -$401
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$474

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.

$520,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.37%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8253$1,9004$2,400
$2,400
RENT COMPS ANALYSIS
  • 26704 S 197th Place Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 20320 E Empire Boulevard Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.94
    •  
  • 33614 N Draba Lane San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
  • 19746 E Palm Beach Drive Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2004
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.09
    •  
PROPERTY LISTING DETAILS
Shawn Rogers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186441
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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