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35549 N Thurber Road Queen Creek, AZ 85142

3 Beds 2 Baths 1,373 sqft Built 2009

$299,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $218.43
  • 3 Days on Market
  • MLS # : 6208681
  • Updated Date : 03/21/2021 at 06:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great opportunity to own a beautiful property in a wonderful Queen Creek community! Curb appeal is obvious the moment you pull up with fresh exterior paint & stone veneer accents. The roomy & inviting interior with tons of natural light will capture your attention when you set foot inside! The fabulous kitchen has everything to let your inner chef shine- Upgraded cabinetry with crown molding, black GE appliances, walk-in pantry, room for island, an Alkaline R/O system for clean drinking water is ready to go! Let's not forget about the master bedroom, which features a spacious walk-in closet & a beautifully remodeled full ensuite bathroom with barn door entry, double sinks, & separate water closet. There's no carpeting in the home, only upgraded high end laminate wood & 18' tile throughout!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,042
Property Tax -$149
Property Insurance -$54
HOA -$50
Property Management Fees -$99
CASH FLOW
$6

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.

$299,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3903$1,4004$1,4755$1,485
$1,485
RENT COMPS ANALYSIS
  • 35549 N Thurber Road Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 165 W Santa Gertrudis Trail San Tan Valley, AZ 1
    • 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.08
    •  
  • 225 W Angus Road San Tan Valley, AZ 2
    • 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,461 Sqft ∙ Built 2004
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.95
    •  
  • 1576 W Appaloosa Way Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.12
    •  
  • 205 W Santa Gertrudis Trail San Tan Valley, AZ 5
    • 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,497 Sqft ∙ Built 2003
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.99
    •  
PROPERTY LISTING DETAILS
Katie Canar
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208681
Last Updated: 03/21/2021
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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