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35662 N Creekside Lane Queen Creek, AZ 85142

4 Beds 3 Baths 3,742 sqft Built 2005

$989,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $264.30
  • 4 Days on Market
  • MLS # : 6209519
  • Updated Date : 03/27/2021 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,742 sqft
  • Baths : 3 full
Listing Agent

Re/max Sun Properties

Listing Agent's Description

Entertainers Delight! This Beautiful Meticulously Maintained 4bd + Den, 3 Bath Home with 11' Ceilings has Tile & Plantation Shutters Throughout. Beautiful Outdoor Living on Almost an Acre Includes a Massive Covered Patio with 5 Motorized Shade Screens, Outdoor Stove, Huge Built-In Gas BBQ and Sink, Large Fireplace & Conversation Area, Heated Pool with Grotto and Slide. Putting Green, RV Gate & Parking, Raised Garden Bed, Storage Shed, Multiple Fruit Trees Include, Lemon, Blood Orange, Fig and Mandarins. Inside boasts a Formal Living Room, Dining Room, Large Family Room Opens to Large Kitchen with Island & Granite Counter tops, Walk-In Pantry, GE Monogram Refrigerator & So Much More. Large Master Bedroom with Sitting Area Has Jetted Tub, Separate Shower, Double Sinks and Walk-In Closet

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
 

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$3,435
Property Tax -$499
Property Insurance -$100
HOA -$19
Property Management Fees -$99
CASH FLOW
-$482

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.

$989,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,435

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$23,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $4,865

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,670
1$3,6702$4,500
$4,500
RENT COMPS ANALYSIS
  • 35662 N Creekside Lane Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 3,742 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,742 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $0.98
    •  
  • 24411 S 213th Place S Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
William G Kulekowskis
Re/max Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209519
Last Updated: 03/27/2021
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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