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3560 W Mesquite Avenue Queen Creek, AZ 85142

3 Beds 2 Baths 1,454 sqft Built 2005

$267,975

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $184.30
  • 1 Days on Market
  • MLS # : 6160841
  • Updated Date : 11/14/2020 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Lovely spacious 3 b/r. hm. nstld in highly sought after San Tan Heights nbhd.; Front porch; Freshly painted int. & ext.; 9' ceiling; Fully remodeled inside; Designer tilesthroughout hm; Matching windows; Open concept plan; Designer dining area light fixture; Bright natural lighting from windows & sliding glass door; Newly installed Kit counter tops; New stainless steel appliances & Kit faucet; New soft close cabinets; Lazy susan; Spacious covered patio; Paved stones from backyard to side yard; Kids sand pit; Back Inside, spacious hallway to 2 b/rs & Master b/r.; 3 extra storage closets. New rectangular hall bath; Master bedroom His/ Hers closet; Private toilet room with window; Dual flush master toilet; New modern rectangular dual basin sinks in Master bathroom. welcome home.

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
 

$241,178$294,773$267,975

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$989
Property Tax -$133
Property Insurance -$56
HOA -$75
Property Management Fees -$99
CASH FLOW
-$102

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.

$267,975

PROJECTED PRICE

$1,250

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,763

INVESTMENT

$76,763

Down Payment
$66,994
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,994
Loan Amount $200,981
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,774

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
  • $1,479

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6254$1,6255$1,649
$1,649
RENT COMPS ANALYSIS
  • 3560 W Mesquite Avenue Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3211 W Allens Peak Drive Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 2004
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 4042 W Maggie Drive Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2017
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 3883 W Maggie Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 3130 W Five Mile Peak Drive Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.01
    •  
PROPERTY LISTING DETAILS
Millicent Owusu-antwi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160841
Last Updated: 11/14/2020
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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