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26711 S 197th Place Queen Creek, AZ 85142

4 Beds 2 Baths 1,805 sqft Built 2004

$539,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $299.11
  • 3 Days on Market
  • MLS # : 6178772
  • Updated Date : 01/08/2021 at 22:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

Perfect Choice Real Estate

Listing Agent's Description

This large corner lot with two parcels sits on over an acre with plenty of space for your horses, horse trailer, RV trailer and toys! Located very close to Old Town Queen Creek, this 4-bed, 2-bath home is just over 1800 sf, features a huge 3-car garage with an extra wall a/c unit in the garage room & lots of extra outdoor parking. This home features tile throughout, vaulted ceilings, split floor plan, gas fireplace in the living room, and granite counters in the kitchen. All appliances stay with the home. In the master bathroom, enjoy the luxury of a separate shower/tub & double sinks. Built in covered RV storage and recent landscaping improvements. Show this home and its gorgeous mountain views! No HOA!

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
 

$485,910$593,890$539,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,875
Property Tax -$417
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$623

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.

$539,900

PROJECTED PRICE

$1,830

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$1.4M$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$518

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
  • $1,600

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,8254$1,825
$1,825
RENT COMPS ANALYSIS
  • 26711 S 197th Place Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4504 W Saddlebrush Way San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2020
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.85
    •  
  • 20320 E Empire Boulevard Queen Creek, AZ 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
James Watson
Perfect Choice Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178772
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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