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2768 W Jasper Butte Drive Queen Creek, AZ 85142

4 Beds 2 Baths 1,613 sqft Built 2005

$295,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $182.89
  • 2 Days on Market
  • MLS # : 6174592
  • Updated Date : 12/26/2020 at 10:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,613 sqft
  • Baths : 2 full
Listing Agent

Jk Realty

Listing Agent's Description

WOW! *Lovely 4 bedroom home & Community POOL! *Open floor plan with Vaulted Ceilings *Bright Kitchen *Beautiful Cabinets *Dining area *Bay window *Stainless/Steel Appliances + Refrigerator! *Breakfast Bar *Spacious Great room *Ceiling fans in every room *Large & Vaulted Master Suite with Bay Window *WI Closet *Raised Vanity *Separate Shower & Garden Tub *Private Toilet room *Security System *Big & Grassy Backyard *Covered Patio *Extended Pavers *Corner Lot *N/S Exposure *This Community has a Pool, Fitness Center, Club House, 19 Playgrounds, Volleyball & Basketball Courts, Multiple Parks + 6 miles of trails & paths for family to enjoy! *Close to Schools & San Tan Reginal Park for hiking/biking! *Move in condition!

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,088
Property Tax -$147
Property Insurance -$59
HOA -$25
Property Management Fees -$99
CASH FLOW
-$18

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.

$295,000

PROJECTED PRICE

$1,400

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,117

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
  • $1,387

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3004$1,3755$1,495
$1,495
RENT COMPS ANALYSIS
  • 2768 W Jasper Butte Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005
    • 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
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 2463 W Allens Peak Drive Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 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
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.85
    •  
  • 2717 W Gold Dust Avenue San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tanya Grantham
Jk Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174592
Last Updated: 12/26/2020
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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