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37191 N Wild Barley Path Queen Creek, AZ 85140

2 Beds 2 Baths 1,645 sqft Built 2013

$599,990

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $364.74
  • 5 Days on Market
  • MLS # : 6189465
  • Updated Date : 02/12/2021 at 23:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

A must see home! Gorgeous Cannes floorplan is waiting for you! Breathtaking golf course-water views from your beautiful landscaped backyard while enjoying your out door fireplace. Plenty of upgrades including the 20 year PRE-PAID solar lease from the builder, SS appliances, ALL tile floors, custom tile work in bathrooms, custom book shelves in den, epoxy garage floor, partial extension to garage and so much more. Furniture and most household items available on a separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanterra

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Encanterra

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
J. O. Combs Middle School Middle Regular 698 27 4
Combs High School High Regular 1,302 49 3

J. O. Combs Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 27
4
GreatSchools Rating

Combs High School

  • Education Level: High
  • # of students: 1,302
  • # of teachers: 49
3
GreatSchools Rating
 

$539,991$659,989$599,990

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$2,084
Property Tax -$328
Property Insurance -$59
HOA -$125
Property Management Fees -$99
CASH FLOW
-$705

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.

$599,990

PROJECTED PRICE

$1,990

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,747

INVESTMENT

$164,747

Down Payment
$149,998
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,998
Loan Amount $449,993
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7503$1,990
$1,990
RENT COMPS ANALYSIS
  • 37191 N Wild Barley Path Queen Creek, AZ 3
    • 2 beds 2 baths ∙ 1,645 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,645 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.21
    •  
  • 1602 E Azafran Trail San Tan Valley, AZ 1
    • 2 beds 2 baths ∙ 1,314 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,314 Sqft ∙ Built 2012
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.22
    •  
  • 631 E Myrtle Pass San Tan Valley, AZ 2
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.32
    •  
PROPERTY LISTING DETAILS
Robyn Brown
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189465
Last Updated: 02/12/2021
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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