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19396 E Timberline Road Queen Creek, AZ 85142

4 Beds 4 Baths 3,098 sqft Built 2018

$645,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $208.20
  • 2 Days on Market
  • MLS # : 6185467
  • Updated Date : 01/30/2021 at 20:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,098 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realtyonegroup Mountain Desert

Listing Agent's Description

A true oasis in the desert. This well appointed home is ready to welcome it's new owner. From the moment you drive up, you know this one is special. Upon entering, you pass through the private courtyard and into a large open floorplan. There are 2 primary bedrooms with ensuite baths that are split from each other - perfect for multi-generational living. The kitchen opens to the great room and outdoor living. The backyard is truly an oasis with a covered patio, easy care synthetic grass, elegant pool and above ground spa with pergola. All this and the convenience with garage parking for 3 cars and both garages have upgraded epoxied floors. You may not ever need to leave home but when you do, you're close to shopping, freeways and Gateway airport. You truly can have it all!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queen Creek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Queen Creek

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
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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,240
Property Tax -$322
Property Insurance -$88
HOA -$118
Property Management Fees -$99
CASH FLOW
-$557

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.

$645,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,911

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
  • $2,378

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3504$2,4005$2,595
$2,595
RENT COMPS ANALYSIS
  • 19396 E Timberline Road Queen Creek, AZ 1
    • 4 beds 4 baths ∙ 3,098 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,098 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    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
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.73
    •  
  • 19718 E Mayberry Road Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 4609 S Ranger Court Gilbert, AZ 5
    • 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,136 Sqft ∙ Built 2004
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jeffrey Hoover
Realtyonegroup Mountain Desert
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185467
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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