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2777 W Queen Creek Road #2 Chandler, AZ 85248

3 Beds 3 Baths 2,050 sqft Built 2021

$560,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $273.17
  • 2 Days on Market
  • MLS # : 6190729
  • Updated Date : 02/06/2021 at 00:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full , 1 half
Listing Agent

Camelback Executive Realtors

Listing Agent's Description

Valerio at Ocotillo is a lakefront community that provides single level, spacious, open concept floor plans with soaring 10 foot ceilings, upgrades throughout, quartz counter tops, stainless steel GE Profile appliances, gas fireplace, glass sliding doors, smart home technology, the HOA maintains both front and backyards. Open floorpan, light and bright, within walking distance to Downtown, 27 homes privately gated community nestled in the heart of Ocotillo with easy access to the 101, 202, and the 10! 3 bed, 2.5 bath, 2100 square feet with the option to convert a bedroom to an office.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

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

Zip Code: 85248

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452069

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$504,000$616,000$560,000

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 -$1,945
Property Tax -$406
Property Insurance -$67
HOA -$295
Property Management Fees -$99
CASH FLOW
-$402

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$560,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,400

INVESTMENT

$150,400

Down Payment
$140,000
Rehab Estimate
$2,000
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,402

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
  • $2,455

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3504$2,3505$2,650
$2,650
RENT COMPS ANALYSIS
  • 2777 W Queen Creek Road #2 Chandler, AZ 1
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2477 W Market Place #64 Chandler, AZ 2
    • 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2016
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
  • 2477 W Market Place #14 Chandler, AZ 3
    • 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2018
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.26
    •  
  • 2477 W Market Place #40 Chandler, AZ 4
    • 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,859 Sqft ∙ Built 2015
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.26
    •  
  • 2060 W Musket Place Chandler, AZ 5
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2016
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.14
    •  
PROPERTY LISTING DETAILS
Lisa Lombardo
Camelback Executive Realtors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190729
Last Updated: 02/06/2021
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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