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33136 N Cherry Creek Road Queen Creek, AZ 85142

4 Beds 3 Baths 2,939 sqft Built 2003

$340,200

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $115.75
  • 3 Days on Market
  • MLS # : 6181557
  • Updated Date : 01/15/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,939 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come check out this lovely 4 bedroom, 2.5 bathroom home that's is close to tons of outdoor recreation! The kitchen features a large island, beautiful cabinetry, and tons of counter space. Head upstairs to enjoy the privacy of the primary bedroom with a walk-in closet. Outside is a backyard patio that's perfect for sipping your morning coffee. Outdoor recreation is easy to come by with San Tan National Park less than 10 minutes to the west!

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
 

$306,180$374,220$340,200

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,182
Property Tax -$169
Property Insurance -$84
HOA -$25
Property Management Fees -$99
CASH FLOW
$90

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.

$340,200

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,903

INVESTMENT

$95,903

Down Payment
$85,050
Rehab Estimate
$5,750
Closing Costs
$5,103

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,182

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,050
Loan Amount $255,150
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6654$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 33136 N Cherry Creek Road Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.56
    •  
  • 2712 W Jasper Butte Drive San Tan Valley, AZ 1
    • 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.57
    •  
  • 2913 W Gold Dust Avenue Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,703 Sqft ∙ Built 2005
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.62
    •  
  • 2725 W Jasper Butte Drive Queen Creek, AZ 4
    • 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 2897 W Mineral Butte Drive Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.56
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181557
Last Updated: 01/15/2021
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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