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26718 S Lime Drive Queen Creek, AZ 85142

3 Beds 3 Baths 2,645 sqft Built 2004

$675,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $255.20
  • 4 Days on Market
  • MLS # : 6169914
  • Updated Date : 12/10/2020 at 15:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,645 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

FLOOD IRRIGATED -HORSE PROPERTY - CHANDLER HEIGHTS CITRUS! This one of a kind fully fenced in property with fruit producing orange trees, a detached workshop, and an acre of space in a NO HOA neighborhood is everything you've been looking for!!! This custom home built in a U shape around a cozy courtyard in the middle for an inviting and livable outdoor space complete with an outdoor kitchen and water fountain. The backyard is fenced off for your pets to keep them close and then the entire perimeter of the property is fenced and gated for your security. Large detached garage in the back can be used to park your toys or additional vehicles, or as a shop for wood working or other hobbies. Far enough away from town for country living but close enough for all the conveniences of the city!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chandler Heights Citrus

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k364k

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

Neighborhood: Chandler Heights Citrus

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9912030

* 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
Auxier Elementary School Primary Regular NA
Casteel High School Middle Regular NA
Casteel High School High Regular NA

Auxier Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Casteel High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,490
Property Tax -$484
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
-$742

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.

$675,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2253$2,4104$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 26718 S Lime Drive Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,645 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.91
    •  
  • 17448 E San Tan Boulevard Queen Creek, AZ 1
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2000
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 18133 E Villa Park Street Gilbert, AZ 2
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1991
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.78
    •  
  • 4241 E Andre Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 4129 E Clubview Drive Gilbert, AZ 5
    • 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,834 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
April Mcneil Anderson
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169914
Last Updated: 12/10/2020
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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