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$679,995

For Sale - Active
23473 S 209th Pl, Queen Creek, AZ 85142
3 Beds
3 Baths
2,382 Square Feet
0.19 Acres Lot
Built in 2017
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Aug 27, 2025 at 07:50PM

Investment Summary


Monthly Cash Flow
-$1,753
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.0%

Property Description


0.19 Acres Lot
Built in 2017
For Sale - Active
Units n/a

Welcome to this beautifully appointed single-level home in the desirable Hastings Farms community! Offering 3 bedrooms + den, 3 bathrooms, and a spacious 3-car garage, this home features an open-concept split floor plan filled with natural light. The gourmet kitchen will impress with granite countertops, a large island, designer backsplash, built-in double ovens, microwave, electric cooktop, and plenty of cabinet space. Elegant plantation shutters throughout add style and functionality. The primary suite offers a spa-like retreat with dual vanities, a walk-in shower, and a walk-in closet. A junior suite with its own full bath provides the perfect space for guests or multi-generational living. Additional highlights include epoxy-coated garage floors and custom iron security doors at both the front and back. The backyard is perfect for entertaining, featuring an extended covered patio, low-maintenance turf and trees, and a cozy firepit. Ideally located just minutes from top-rated schools, parks, shopping, and dining, this move-in ready home is ready to welcome you. Furniture available for purchase separately via a bill of sale.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • Association: Hastings Farms
  • HOA Fee: $122/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 31408007
  • Lot Size: 8453 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2017

Tax Information

  • Annual Tax: $2,481

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Sanja Fortson
eXp Realty
(480) 326-5453

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6903942
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,753
Cap Rate
2.6%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$679,995
Amount financed:
-$543,996
Down payment:
$135,999
Closing costs:
$20,400
Rehab costs:
$0
Initial cash invested:
$156,399
Square feet:
2,382
Cost per square foot:
$285
Monthly rent per square foot:
$1.09

Financing Details

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Loan amount:
$543,996
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,218
Property tax:
$207
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,607

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$207-$2,481
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (5%)
5%-$122-$1,464
Total operating expenses: (38%)
38%-$979-$11,745

Cash Flow


Monthly Yearly
Net operating income:
$1,465 $17,580
Mortgage payments:
-$3,218 -$38,616
Cash flow:
$1,753 $21,036