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18695 E Braeburn Lane 
Queen Creek, AZ
85142
7 Beds 4 Baths 4,349 sqft
Built 2006
INVESTimate
$599,000
List Price
$164,485
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $137.73
- 3 Days on Market
- MLS # : 6121973
- Updated Date : 08/24/2020 at 14:47
CONSTRUCTION
- Beds : 7
- Floor Size : 4,349 sqft
- Baths : 4 full
Listing Agent
Homesmart
Listing Agent's Description
Large 7 Bedroom 4 Bathroom Family Home With Basement in Highly Sought After Sossaman Estate Neighborhood! Large North/South Lot with Swimming Pool and Your Own Splash Pad For The Kids! Kitchen with Granite Counters, Walk in Pantry and Large Spacious Laundry Room. Master Bedroom with Attached Bath and Large Master Closet! 3 Car Garage, RV Gate and Low Maintenance Front Yard. Add Your Personal Touch To Make This Home Your Own! Close to Community Parks, Green Space and Walking Trails, Shopping, Dining and Top Schools.
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PRICE & RENT TRENDS
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$2,210 |
| Property Tax | -$486 | |
| Property Insurance | -$112 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
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.
$599,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,485
LOAN DETAILS
$2,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
5.17
YEARS SAVED
$37,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,000
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,936
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
18695 E Braeburn Lane Queen Creek, 3
- 7 beds 4 baths ∙ 4,349 Sqft ∙ Built 2006 7 beds 4 baths ∙ 4,349 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $3,000
- $0.69
-
18723 E Druids Glen Road Queen Creek, 1
- 6 beds 3 baths ∙ 4,159 Sqft ∙ Built 2006 6 beds 3 baths ∙ 4,159 Sqft ∙ Built 2006
![property image]()
LEASED 11/09/19- Rent
- Rent Per SQFT
- $2,695
- $0.65
-
4768 E Ironhorse Road Gilbert, 2
- 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005
![property image]()
LEASED 10/14/19- Rent
- Rent Per SQFT
- $2,950
- $0.70
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121973
Last Updated: 08/24/2020
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.
