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18490 E Carriage Way Queen Creek, AZ 85142

6 Beds 4 Baths 4,210 sqft Built 2002

$619,900

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $147.24
  • 4 Days on Market
  • MLS # : 6176005
  • Updated Date : 12/31/2020 at 22:35
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,210 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Beautiful cul de sac home in Sossaman Estates. Mature trees, pool, fully landscaped. Outdoor fireplace and outdoor kitchen with built in grill. Basement home with many upgrades. Former model home. Newly painted and carpeted.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k440k

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

Neighborhood: Sossaman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9912307

* 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
Cortina Elementary School Primary Regular 947 42 10
Cortina Elementary School Middle Regular 947 42 10
Higley High School High Regular 1,596 70 7

Cortina Elementary School

  • Education Level: Primary
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Cortina Elementary School

  • Education Level: Middle
  • # of students: 947
  • # of teachers: 42
10
GreatSchools Rating

Higley High School

  • Education Level: High
  • # of students: 1,596
  • # of teachers: 70
7
GreatSchools Rating
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,287
Property Tax -$503
Property Insurance -$109
HOA -$102
Property Management Fees -$99
CASH FLOW
-$120

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.

$619,900

PROJECTED PRICE

$2,980

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$29,108

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
  • $2,807

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7504$2,950
$2,950
RENT COMPS ANALYSIS
  • 18490 E Carriage Way Queen Creek, AZ 1
    • 6 beds 4 baths ∙ 4,210 Sqft ∙ Built 2002 6 beds 4 baths ∙ 4,210 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18878 E Wren Court Queen Creek, AZ 2
    • 7 beds 4 baths ∙ 4,170 Sqft ∙ Built 2005 7 beds 4 baths ∙ 4,170 Sqft ∙ Built 2005
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.65
    •  
  • 4178 E Maplewood Street Gilbert, AZ 3
    • 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,250 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.65
    •  
  • 4768 E Ironhorse Road Gilbert, AZ 4
    • 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,211 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.70
    •  
PROPERTY LISTING DETAILS
Dorrie J Sauerzopf
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176005
Last Updated: 12/31/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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