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19459 S 190th Drive Queen Creek, AZ 85142

5 Beds 3 Baths 3,521 sqft Built 2006

$549,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $155.92
  • 4 Days on Market
  • MLS # : 6174454
  • Updated Date : 12/24/2020 at 14:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,521 sqft
  • Baths : 3 full
Listing Agent

Re/max Solutions

Listing Agent's Description

Start out 2021 in an amazing new home located in an exclusive cul de sac! There is so much you're going to love about this one. It's located in the gorgeous and sought after neighborhood of the Cortina in Queen Creek. It's minutes from shopping, great schools & parks, restaurants, theaters, and much more. Offering 5 spacious bedrooms with ceiling fans, a den that could be a 6th, remodeled bathroom & a terrific loft. Neutral color paint throughout & an open floor plan. Your new amazing kitchen has tile backsplash, granite countertops, island with breakfast bar, ungraded cabinets with tons of storage space, pantry, & recessed lighting. Separate family & living rooms with built in shelving in the family room.

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,026
Property Tax -$445
Property Insurance -$96
HOA -$82
Property Management Fees -$99
CASH FLOW
-$288

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.

$549,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,132

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
  • $2,474

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3004$2,3505$2,700
$2,700
RENT COMPS ANALYSIS
  • 19459 S 190th Drive Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,521 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18686 E Mockingbird Drive Queen Creek, AZ 2
    • 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 2004
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.65
    •  
  • 19620 S 189th Street Queen Creek, AZ 3
    • 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 4
    • 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
    •  
  • 18546 E Sawgrass Trail Queen Creek, AZ 5
    • 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.72
    •  
PROPERTY LISTING DETAILS
Michael Kent
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174454
Last Updated: 12/24/2020
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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