Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $163.66
- 2 Days on Market
- MLS # : 6196820
- Updated Date : 02/20/2021 at 21:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,138 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Must See, Move in Ready Home with a Backyard Oasis in San Tan Heights! Featuring; New Carpet, New Interior and Exterior Paint, an Open Floorpan and Vaulted Ceilings! A Chef's Kitchen with a Huge Island, Stainless Steel Appliances, Granite Countertops and Loads of Cabinet Space! The Wonderful Backyard was made for Arizona Living, with Beautiful, Lush Landscaping and a Sparkling Pool with a Waterfall! Don't let this one get away!!
SEE MORE
PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$174 | |
| Property Insurance | -$69 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
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.
$349,900
PROJECTED PRICE
$1,410
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3
YEARS SAVED
$8,125
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 -
$0.66
LIST RENT PER SQFT
-
$1,555
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
3200 W Five Mile Peak Drive Queen Creek, AZ 1
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,410
- $0.66
-
3860 W Dancer Lane Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,495
- $0.74
-
4521 W Saddlebush Way San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2020
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,569
- $0.73
-
2892 W Goldmine Mountain Drive Queen Creek, AZ 4
- 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,575
- $0.72
-
33460 N Madison Way Drive Queen Creek, AZ 5
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2005
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,585
- $0.72
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196820
Last Updated: 02/20/2021
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.
