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2979 W Dancer Lane Queen Creek, AZ 85142

3 Beds 2 Baths 1,469 sqft Built 2004

$279,500

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.27
  • 3 Days on Market
  • MLS # : 6173297
  • Updated Date : 12/25/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,469 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Homes in this subdivision are going fast! This beautiful home has an open floorplan and a spacious great room. The kitchen has SS appliances, a walk-in pantry, plenty of counterspace, cabinets, and a water softener. The Master Bedroom has a separate exit to the backyard, his & her walk-in closets and sinks. The backyard has a full length patio and real grass for the kids and pets. The community boasts beautiful family-oriented parks of differing sizes, 19 playgrounds/lots, 2 volleyball and 2 basketball courts, greenbelt areas and over 6 miles of trails & paths. There is a Community Center with a pool, fitness center and more. Just a few minutes from the San Tan Mountain Regional Park, and also just a few minutes more to the sprawling Queen Creek marketplace.

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
 

$251,550$307,450$279,500

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,031
Property Tax -$139
Property Insurance -$56
HOA -$25
Property Management Fees -$99
CASH FLOW
$60

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.

$279,500

PROJECTED PRICE

$1,410

PROJECTED RENT

0.50%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$25,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,440

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4103$1,5504$1,5755$1,695
$1,695
RENT COMPS ANALYSIS
  • 2979 W Dancer Lane Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.96
    •  
  • 2497 W Bartlett Way Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 3262 W Santa Cruz Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 3146 W Yellow Peak Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.97
    •  
  • 33611 N Wash View Road Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2004
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shane Lickteig
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173297
Last Updated: 12/25/2020
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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