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3362 W South Butte Road Queen Creek, AZ 85142

5 Beds 3 Baths 2,883 sqft Built 2005

$400,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.74
  • 3 Days on Market
  • MLS # : 6177378
  • Updated Date : 01/08/2021 at 17:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,883 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Curb appeal with Fireworks! Beautiful 5BR, 3BA Hacienda builder home featuring new carpet, fresh paint and room to roam! Entrance leads to entertaining rooms w/visuals of backyard featuring private swimming pool & side yard gardening oasis, & covered patio. Kitchen w/abundant of cabinetry, kitchen island, pantry, and open to family room. Two additional bedrooms or versatile rooms on first floor plus a full bath. Upstairs open view of loft, and additional 3 Bedrooms including the Owners suite featuring private full bath, separate tub & shower, plus dual sinks, large walk in closet, and a private balcony access. Enjoy all the amenities of San Tan Heights including the location, access to parks & recreational/gym/pool, plus convenience to schools, shopping, restaurants, hiking and more!

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
 

$360,000$440,000$400,000

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 -$1,389
Property Tax -$199
Property Insurance -$83
HOA -$25
Property Management Fees -$99
CASH FLOW
$94

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.

$400,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$31,237

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
  • $0.66

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7503$1,8504$1,8905$2,000
$2,000
RENT COMPS ANALYSIS
  • 3362 W South Butte Road Queen Creek, AZ 4
    • 5 beds 3 baths ∙ 2,883 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,883 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.66
    •  
  • 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
    •  
  • 2725 W Jasper Butte Drive Queen Creek, AZ 2
    • 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
    •  
  • 2726 W Gold Dust Avenue Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 2948 W Tanner Ranch Road Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Shari Pozniak
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177378
Last Updated: 01/08/2021
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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