Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

34015 N Desert Star Drive Queen Creek, AZ 85142

4 Beds 3 Baths 2,447 sqft Built 2018

$380,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $155.29
  • 4 Days on Market
  • MLS # : 6179777
  • Updated Date : 01/14/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,447 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Practically new! 4 bedroom/2.5 bath. Additional den area on main floor. Desirable great room floorplan with that spacious open feel! Kitchen features includes abundant cabinet space, granite countertops, a large kitchen island with pendant lighting and also with room for extra seating. Stainless steel appliances and a walk in pantry and an, eat-in kitchen area too! Spacious great room with siding doors to the backyard with a covered patio. Low maintenance desert landscape both front and back yard with 2 zone watering system for the plants. Nice master suite w/ masterbath & walk in closet. Secondary bdrms w/bonus area between them.

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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,320
Property Tax -$189
Property Insurance -$75
HOA -$47
Property Management Fees -$99
CASH FLOW
$80

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.

$380,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6004$1,6605$1,810
$1,810
RENT COMPS ANALYSIS
  • 34015 N Desert Star Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.74
    •  
  • 3528 W Allens Peak Drive Queen Creek, AZ 1
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 3568 W Naomi Lane Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 2,410 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,410 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 3501 W Morgan Lane San Tan Valley, AZ 3
    • 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 2005
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 3300 W Carlos Lane Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2004
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kristi Reckard
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179777
Last Updated: 01/14/2021
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.

BESbswy