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34011 N Danja Drive Queen Creek, AZ 85142

4 Beds 2 Baths 2,198 sqft Built 2005

$340,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $154.69
  • 4 Days on Market
  • MLS # : 6198788
  • Updated Date : 02/26/2021 at 16:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 2 full
Listing Agent

Real Property Management Evolve

Listing Agent's Description

Charming 4Bd/2Ba home in sought after East Valley. Kitchen and great room flow together for easy entertaining. Ample cabinet space and counter space, a breakfast bar and dining nook really give this kitchen a functionality to be desired. French doors lead to a large backyard with a nice sized covered patio and no rear neighbors. There is also a formal dining room that is spacious enough to be versatile - can be a dining room, game room or office. The master bedroom has a bay window, a huge walk in closet and is split from the secondary bedrooms. The secondary bedrooms are spacious and both have ceiling fans. New carpet and paint in the last year.Last but not least a 3 car garage. What is not to love!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,181
Property Tax -$174
Property Insurance -$70
HOA -$25
Property Management Fees -$99
CASH FLOW
-$79

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.

$340,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,4753$1,5854$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 34011 N Danja Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.67
    •  
  • 4534 W Saddlebush Way Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.70
    •  
  • 33460 N Madison Way Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2005
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.72
    •  
  • 3501 W Morgan Lane San Tan Valley, AZ 4
    • 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2005
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 3528 W Allens Peak Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Chantel Saathoff
Real Property Management Evolve
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198788
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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