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3116 W Five Mile Peak Drive Queen Creek, AZ 85142

4 Beds 2 Baths 1,926 sqft Built 2004

$289,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $150.05
  • 2 Days on Market
  • MLS # : 6157466
  • Updated Date : 11/06/2020 at 17:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,926 sqft
  • Baths : 2 full
Listing Agent

Presidential Realty, Llc

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,066
Property Tax -$144
Property Insurance -$65
HOA -$25
Property Management Fees -$99
CASH FLOW
$211

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.

$289,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.56%

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$0.0$5.0k$10k$15k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$43,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,599

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6104$1,6805$1,685
$1,685
RENT COMPS ANALYSIS
  • 3116 W Five Mile Peak Drive Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.84
    •  
  • 33149 N Double Bar Road Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.78
    •  
  • 2709 W Hayden Peak Drive Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 3131 W Yellow Peak Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 3334 W Yellow Peak Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ryan Jones
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157466
Last Updated: 11/06/2020
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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