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3445 W Belle Avenue Queen Creek, AZ 85142

4 Beds 2 Baths 2,199 sqft Built 2005

$325,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $147.79
  • 4 Days on Market
  • MLS # : 6176004
  • Updated Date : 01/02/2021 at 22:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Take a look at this spacious 4 bedroom, single level home in Queen Creek! It is fully loaded with a 3 car garage and a pool perfect for cooling off in the summer time! Just inside the entry is a formal living & dining room and past that is the coveted kitchen great room! It will be perfect to entertain lots of guests! Especially for the Chiefs & Seahawks Super bowl party in February! This home has many windows throughout allowing natural light in the whole home. The primary bedroom is gigantic with a spacious closet & bathroom. The three guest rooms are by themselves on the other side of the home! In the back you have a lovely covered patio, mountain views and a luscious pool to sit by! You also back to a green belt so you have even more privacy! Thank you for showing!

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,199
Property Tax -$173
Property Insurance -$70
HOA -$25
Property Management Fees -$99
CASH FLOW
-$76

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.

$325,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.46%

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,501

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,4904$1,5505$1,585
$1,585
RENT COMPS ANALYSIS
  • 3445 W Belle Avenue Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.68
    •  
  • 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
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.63
    •  
  • 3290 W Santa Cruz Avenue Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.71
    •  
  • 3528 W Allens Peak Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
  • 33460 N Madison Way Drive Queen Creek, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Robert Reece
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176004
Last Updated: 01/02/2021
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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