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3437 W Allens Peak Drive Queen Creek, AZ 85142

5 Beds 3 Baths 3,510 sqft Built 2005

$380,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $108.26
  • 4 Days on Market
  • MLS # : 6157931
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,510 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Look no further! You've found the home you longed for! Located in Queen Creek, this 5 bed, 3 bath property boasts low maintenance front landscaping with a 2 car garage and much, much more! The lavish interior features large dining and living areas with vaulted ceilings, gorgeous wood flooring, and neutral paint throughout. The fabulous kitchen is worthy of a chef, with its staggered cabinetry, pantry, granite countertops, stainless steel appliances, track lighting, and island with breakfast bar. Inside the grandiose master bedroom you will find a spacious walk-in closet and a full bath with double sinks, as well as separate tub and shower. Also including a cozy backyard with grassy landscaping and a covered patio, this home is simply a dream come true! Schedule a showing today!

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

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,402
Property Tax -$195
Property Insurance -$96
HOA -$25
Property Management Fees -$99
CASH FLOW
$54

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

$1,870

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$20k

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.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$31,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,966

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,870
$1,870
RENT COMPS ANALYSIS
  • 3437 W Allens Peak Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,510 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,510 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.53
    •  
  • 2897 W Mineral Butte Drive Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,190 Sqft ∙ Built 2003
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.56
    •  
PROPERTY LISTING DETAILS
Kelly H Campbell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157931
Last Updated: 11/13/2020
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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