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19320 E Camacho Road Queen Creek, AZ 85142

4 Beds 3 Baths 3,357 sqft Built 2012

$690,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $205.54
  • 3 Days on Market
  • MLS # : 6181388
  • Updated Date : 01/15/2021 at 17:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,357 sqft
  • Baths : 3 full
Listing Agent

Brewer & Stratton Property Management Llc

Listing Agent's Description

Beautiful home located in the highly sought after Lucia neighborhood with just over a 1/3 of an acre lot. Open-concept gourmet kitchen with custom backsplash and large upgraded Cambria quartz island. Features 4 bedrooms, 3 bath, walk in master closet, PLUS game room, dining room, and enclosed office/den. Large backyard includes salt water pool, extended patio entertainment area, custom pergola, travertine deck, and no direct back neighbors. Large walk through laundry room, RO system, tankless water heater, water softener, and stainless steel appliances in the kitchen. All appliances included. Neighborhood has a community park, as well as direct access to Queen Creek's community Mansel Carter park. Wonderful curb appeal and house was just painted.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lucia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k505k

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

Neighborhood: Lucia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9912586

* 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
Desert Mountain Elementary School Primary Regular 481 20 9
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Desert Mountain Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
9
GreatSchools Rating

Newell Barney Junior High School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 35
7
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$621,000$759,000$690,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,397
Property Tax -$503
Property Insurance -$93
HOA -$130
Property Management Fees -$99
CASH FLOW
-$601

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.

$690,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$188,600

INVESTMENT

$188,600

Down Payment
$172,500
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,500
Loan Amount $517,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,411

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,620

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,339

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3504$2,620
$2,620
RENT COMPS ANALYSIS
  • 19320 E Camacho Road Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 3,357 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,357 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.78
    •  
  • 18686 E Mockingbird Drive Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.65
    •  
  • 19620 S 189th Street Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,261 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 18495 E Lark Drive Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 2003
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.73
    •  
PROPERTY LISTING DETAILS
Brent T Goodman
Brewer & Stratton Property Management Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181388
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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