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2761 W Angel Way Queen Creek, AZ 85142

3 Beds 2 Baths 1,495 sqft Built 2006

$260,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $173.91
  • 2 Days on Market
  • MLS # : 6155073
  • Updated Date : 11/02/2020 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

This GORGEOUS home is waiting for you! Very spacious with lots of natural light. Open concept kitchen & large living room, which is great for entertaining! Kitchen boasts Stainless Steel appliances, kitchen island, lots of cabinet space & pantry. Roomy master bedroom which is split from guest bedrooms! Full master bathroom which includes double sinks, walk-in closet & skylight. Two other bedrooms are perfect size for your guests & guest bathroom is conveniently located between them both. Back yard is huge with Mountain Views & has the potential for adding a pool if you wanted. Home is located in the beautiful community of San Tan Heights. Community has walking paths, heated pool, splash pad & tons of parks! Close to San Tan Mountain Park, schools, hiking, dining & shopping.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$959
Property Tax -$129
Property Insurance -$56
HOA -$25
Property Management Fees -$99
CASH FLOW
-$39

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.

$260,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.47%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,656

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
  • $1,379

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3504$1,3755$1,470
$1,470
RENT COMPS ANALYSIS
  • 2761 W Angel Way Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2210 W Kristina Avenue Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2271 W Kristina Avenue Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 2754 W Gold Dust Avenue Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.85
    •  
  • 2282 W Kristina Avenue Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2007
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lynette Clemens
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155073
Last Updated: 11/02/2020
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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