Great location!
Queen Creek, AZ 85142
3 bedrooms 2 bathrooms 2025 year built
Up to 11% financed incentives!
| Square Feet | 1,775 | | Initial Market Value | $473,519 | | Purchase Price | $473,519 | | Downpayment | $142,056 | | Loan Origination Fees | $6,629 | | Depreciable Closing Costs | $9,470 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $158,155 | | Cost per Square Foot | $267 | | Monthly Rent per Square Foot | $1.35 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,400 | $28,800 | | Vacancy Losses | ($192) | ($2,304) | | Operating Income | $2,208 | $26,496 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($217) | ($2,604) | | Insurance | ($79) | ($947) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($149) | ($1,788) | | Maintenance | ($48) | ($576) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($493) | ($5,915) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,715 | $20,581 | | - Mortgage Payments | ($1,777) | ($21,328) | | = Cash Flow | ($62) | ($747) | | + Principal Reduction | $408 | $4,899 | | + First-Year Appreciation | $2,368 | $28,411 | | = Gross Equity Income | $2,714 | $32,563 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $331,463 | $0 | | Monthly Payment | $1,777.34 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 7 Years | | | Interest Rate | 4.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.5% | | Debt Coverage Ratio | 0.96 | | Annual Gross Rent Multiplier | 16 | | Capitalization Rate | 4.3% | | Cash on Cash Return | 0% | | Return on Investment | 21% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Breakdown: 5 pre-paid pts AND give the allowable 2% seller concession toward financing for a total of 7% going towards reducing interest rate and remaining 4% can be used towards reducing the home price. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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