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32187 N Royce Road Queen Creek, AZ 85142

3 Beds 2 Baths 2,279 sqft Built 2015

$599,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $263.23
  • 5 Days on Market
  • MLS # : 6173064
  • Updated Date : 12/23/2020 at 21:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,279 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home! This expansive property in San Tan Heights is just over an acre with mountain views all around, an entertainer's dream with lots of covered patio space, a blank canvas in the backyard, & has a detached 50' RV garage plus oversized two car garage with 12 x 24 workshop area and 12' gate. The home features a large kitchen with a generous kitchen island, beautiful granite countertops, stainless steel Whirlpool appliances, double ovens, & staggered upper cabinets. The guest rooms are spacious in this split floorplan with a large master bedroom featuring double vanities, separate soaking tub & shower, & HUGE walk in closet. Built with foam insulation in ext. walls, tankless hot water heater and radiant barrier roofing, you won't believe the utility bills! Come see this home today!!

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
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$2,213
Property Tax -$299
Property Insurance -$72
HOA -$28
Property Management Fees -$99
CASH FLOW
-$821

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.

$599,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5503$1,5654$1,5755$1,890
$1,890
RENT COMPS ANALYSIS
  • 32187 N Royce Road Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,279 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.83
    •  
  • 2669 W Peggy Drive Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.70
    •  
  • 2907 W Peggy Drive Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 33198 N Roadrunner Lane Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.68
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Alexis Sprofera
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173064
Last Updated: 12/23/2020
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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