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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,763
LOAN DETAILS
$989
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,994 |
| Loan Amount | $200,981 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,479
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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3560 W Mesquite Avenue Queen Creek, AZ 1
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- Rent Per SQFT
- $0
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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
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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
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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
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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
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160841
Last Updated: 11/14/2020
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.
