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3723 W South Butte Road Queen Creek, AZ 85142

5 Beds 3 Baths 2,600 sqft Built 2005

$340,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $130.77
  • 1 Days on Market
  • MLS # : 6191082
  • Updated Date : 02/07/2021 at 02:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fantastic opportunity to own this 5 bed, 3 bath home in a wonderful neighborhood. This property has a low maintenance front yard, 2 car garage, spacious fenced backyard and above ground trampoline you surely wouldn't want to miss. The home is inviting with its large living room with high ceiling. Enjoy the separated family room with carpet flooring. Adjacent to it is the lovely eat-in kitchen complete with matching appliances, ample cabinetry, island and pantry. The master bedroom is large enough for your furniture, it also includes a spacious walk-in closet and a full bath with double sinks, not to mention separate tub and shower. Outstanding backyard is perfect for entertaining, pets or play w tons of potential for customizing it any way you can imagine. Make this gem yours. Call now!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,181
Property Tax -$169
Property Insurance -$78
HOA -$25
Property Management Fees -$99
CASH FLOW
$48

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.

$340,000

PROJECTED PRICE

$1,600

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$23,503

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
  • $1,781

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6603$1,7504$1,7955$2,000
$2,000
RENT COMPS ANALYSIS
  • 3723 W South Butte Road Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3300 W Carlos Lane Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2004
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.68
    •  
  • 2725 W Jasper Butte Drive Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,723 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 2851 W Jasper Butte Drive Queen Creek, AZ 4
    • 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,548 Sqft ∙ Built 2005
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 2948 W Tanner Ranch Road Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Tyler Blair
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191082
Last Updated: 02/07/2021
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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