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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $281.72
- 2 Days on Market
- MLS # : 6173002
- Updated Date : 12/18/2020 at 17:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,041 sqft
- Baths : 2 full
Listing Agent
Trelora Realty
Listing Agent's Description
Don't miss your opportunity to see this beautiful equestrian ''mini ranch'' located in the highly sought after community of Goldmine Equestrian Estates! Amazing views of the San Tan Mountains can be enjoyed from all around the property. This ranch is only a short 3/4 mile ride to the San Tan Regional Park entrance offering miles & miles of trails w/ no road crossings to get there and only 2 miles from the Queen Creek Equestrian Center, a Class A facility offering a wide variety of equestrian events held almost daily. The home features an open concept floor plan w/ unique stained concrete floors create both an inviting as well as functional atmosphere. Upgraded solid wood mesquite cabinets throughout the entire home. Only 5 miles from downtown Queen Creek! Schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Goldmine Equestrian Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Goldmine Equestrian Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$377 | |
| Property Insurance | -$67 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$695
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$575,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
0.5
YEARS SAVED
$1,105
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
-
$1,973
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
35661 N Moyes Road Queen Creek, AZ 1
- 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
20320 E Empire Boulevard Queen Creek, AZ 2
- 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 2000
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,825
- $0.94
-
33614 N Draba Lane San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2020
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,825
- $0.87
-
19746 E Palm Beach Drive Queen Creek, AZ 4
- 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 2004
LEASED 11/23/19- Rent
- Rent Per SQFT
- $2,400
- $1.09
PROPERTY LISTING DETAILS
Trelora Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173002
Last Updated: 12/18/2020
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.
