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18991 E Oriole Way Queen Creek, AZ 85142

6 Beds 5 Baths 4,124 sqft Built 2005

$629,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $152.52
  • 3 Days on Market
  • MLS # : 6181238
  • Updated Date : 01/15/2021 at 07:17
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,124 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Stunning home w/ designer touches throughout! Bright & open floor plan boasts 6 beds/4.5 baths. Main level bedroom and full bathroom are perfect for multi-generational living. Upgraded interior showcases wood flooring, plantation shutters, updated lighting, custom paint, & oversized baseboards. Spacious family room opens to the gourmet white kitchen, complemented by stainless appliances, gas cooking, and walk-in pantry. 2nd floor offers 4 spacious bedrooms, 2 bathrooms including a jack n' jill, bonus room, laundry, & master w/ luxurious remodeled bathroom. Enjoy the updated outdoor living space w/ travertine patio, built-in BBQ, synthetic turf, & sparkling diving pool/spa. Located on an oversized north/south facing lot w/ R/V gate, 4-car tandem garage nestled in highly desirable Cortina.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cortina

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k364k

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

Neighborhood: Cortina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9911981

* 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
 

$566,100$691,900$629,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,185
Property Tax -$510
Property Insurance -$108
HOA -$30
Property Management Fees -$99
CASH FLOW
-$162

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.

$629,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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

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$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$21,403

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
  • $2,794

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6993$2,7004$2,7505$2,950
$2,950
RENT COMPS ANALYSIS
  • 18991 E Oriole Way Queen Creek, AZ 1
    • 6 beds 5 baths ∙ 4,124 Sqft ∙ Built 2005 6 beds 5 baths ∙ 4,124 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18560 E Strawberry Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.71
    •  
  • 18878 E Wren Court Queen Creek, AZ 3
    • 7 beds 4 baths ∙ 4,170 Sqft ∙ Built 2005 7 beds 4 baths ∙ 4,170 Sqft ∙ Built 2005
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.65
    •  
  • 4178 E Maplewood Street Gilbert, AZ 4
    • 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 5
    • 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
Penny L. Gould
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181238
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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