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3243 W White Canyon Road Queen Creek, AZ 85142

3 Beds 2 Baths 1,637 sqft Built 2005

$280,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $171.04
  • 4 Days on Market
  • MLS # : 6155762
  • Updated Date : 11/07/2020 at 20:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,637 sqft
  • Baths : 2 full
Listing Agent

Arizona Elite Properties

Listing Agent's Description

No More Showings pleaseThis 3 bedroom home has been lovingly maintained by original owner and is nicely upgraded throughout. Some of the many upgrades include stainless steel appliances, granite slab counters, kitchen farm sink and nice cabinetry throughout. Enjoy the private backyard with covered patio, hot tub and two well built storage sheds. The master planned community of San Tan Heights offers a community center with pool & fitness center, many beautiful parks of differing sizes, 19 playgrounds/tot lots, 2 volleyball courts, 2 basketball courts, ample greenbelt and over 6 miles of trails and paths. New HVAC 2015, Water softener 2019and RO.

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,033
Property Tax -$139
Property Insurance -$59
HOA -$25
Property Management Fees -$99
CASH FLOW
-$76

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.

$280,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3453$1,3754$1,4955$1,560
$1,560
RENT COMPS ANALYSIS
  • 3243 W White Canyon Road Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.78
    •  
  • 3193 W Sunshine Butte Drive Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2004
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.84
    •  
  • 2754 W Gold Dust Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 2005
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.85
    •  
  • 2717 W Gold Dust Avenue San Tan Valley, AZ 4
    • 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 2778 W Five Mile Peak Road Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2003
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kim Franken
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155762
Last Updated: 11/07/2020
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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