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34982 N Camp Fire Circle Queen Creek, AZ 85142

3 Beds 3 Baths 2,498 sqft Built 2005

$344,500

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $137.91
  • 3 Days on Market
  • MLS # : 6187137
  • Updated Date : 02/05/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,498 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Incredible 3 bed/2.5 bath home in desirable Morning Sun Farms situated on a premium cul-de-sac lot. Featuring great curb appeal, with 3 car garage leading into the formal living area with soaring vaulted ceilings and a spacious open concept family room are sure to impress with diagonal 22'' tile, two tone paint and a two way fireplace. Kitchen boasts beautiful dark cabinetry, stylish countertops and a center island with breakfast bar seating. Perfect for gathering with friends and family. Upstairs you will find a large loft with wood look flooring, full of possibilities. Spacious master retreat includes en suite with dual sinks, soaking tub and separate shower. Enjoy the expansive low maintenance backyard with covered patio. Do not miss out. See it 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
 

$310,050$378,950$344,500

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,197
Property Tax -$172
Property Insurance -$76
HOA -$62
Property Management Fees -$99
CASH FLOW
-$5

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.

$344,500

PROJECTED PRICE

$1,600

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-$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$97,043

INVESTMENT

$97,043

Down Payment
$86,125
Rehab Estimate
$5,750
Closing Costs
$5,168

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,197

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,125
Loan Amount $258,375
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7004$1,8355$1,950
$1,950
RENT COMPS ANALYSIS
  • 34982 N Camp Fire Circle Queen Creek, AZ 1
    • 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,498 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3501 W Morgan Lane San Tan Valley, AZ 2
    • 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
    •  
  • 35082 N Laredo Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1931 W Desert Spring Way Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.72
    •  
  • 2169 W Madisen Marie Avenue Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
PROPERTY LISTING DETAILS
Long Le
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187137
Last Updated: 02/05/2021
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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