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33141 N Roadrunner Lane Queen Creek, AZ 85142

3 Beds 2 Baths 1,260 sqft Built 2006

$259,900

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $206.27
  • 3 Days on Market
  • MLS # : 6172715
  • Updated Date : 12/18/2020 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this delightful single story 3 bedroom, 2 bathroom home in San Tan Heights! The kitchen features a large island and plenty of counter space to cook your favorite meals. After a long day, relax in the primary bedroom suite which includes an attached bathroom with double vanity sinks, and a walk-in closet. Natural is beauty is close by with San Tan Mountain Regional Park just a short 10-minute drive away!

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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$959
Property Tax -$129
Property Insurance -$52
HOA -$25
Property Management Fees -$99
CASH FLOW
$96

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.

$259,900

PROJECTED PRICE

$1,360

PROJECTED RENT

0.52%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$28,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,191

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2504$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 33141 N Roadrunner Lane Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2620 W Kristina Avenue Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2008
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 3826 W Yellow Peak Drive San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2004
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 33664 N Dertuccio Trail San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 2020
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 4627 W Saddlebush Way W Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2020
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
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 #: 6172715
Last Updated: 12/18/2020
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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