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28480 N Bryce Trail Queen Creek, AZ 85142

4 Beds 2 Baths 1,817 sqft Built 2017

INVESTimate

$439,999

List Price

$1,410

$1,269 - $1,551

Rent Est.

$469,391  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $242.16
  • 2 Days on Market
  • MLS # : 6122178
  • Updated Date : 08/25/2020 at 09:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,817 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Near new home, Great price! Hurry before it is gone. Great 4 bedroom 2 bath home on 1.25 acre lot. Large roomy, family/great room that opens into a kitchen with lots of cabinets and a walk in pantry Bedrooms have built in desks for the kids. 2 x 6 construction with spray foam insulation and a 16 seer a/c unit combined with Anderson windows gives you a great energy efficient home. Upgraded cabinets with granite countertops,RO water system, wood look porcelain tile floors, carpet in bedrooms only, vaulted ceilings, large covered back patio. Over sized 2 car garage gives you lots of storage room. NO HOA, so come and live free and bring your toys, animals and family. Everyone will love it. Great location in a quiet area nestled in the San Tan mountains.

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
 

$395,999$483,999$439,999

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,623
Property Tax -$225
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$600

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.

$439,999

PROJECTED PRICE

$1,410

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $329,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$241

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
  • $1,390

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2753$1,5704$1,5905$1,695
$1,695
RENT COMPS ANALYSIS
  • 28480 N Bryce Trail Queen Creek, 1
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2961 W Bonnie Lane Queen Creek, 2
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1999
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.71
    •  
  • 28472 N Desert Hills Drive San Tan Valley, 3
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.74
    •  
  • 117 W Grey Stone Street San Tan Valley, 4
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.75
    •  
  • 28630 N Desert Hills Drive San Tan Valley, 5
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jill Dees
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122178
Last Updated: 08/25/2020
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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