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19615 E Oriole Way Queen Creek, AZ 85142

4 Beds 3 Baths 2,527 sqft Built 2016

$525,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $207.76
  • 7 Days on Market
  • MLS # : 6188222
  • Updated Date : 02/04/2021 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 3 full
Listing Agent

Mark Brower Properties, Llc

Listing Agent's Description

Come take a look at this rare beauty. 4 car garage with a sink in it! The house has a very open layout including an upgraded/spacious kitchen with lots of cabinets, separate dining area, beautiful granite countertops, gas stove, and stainless steel appliances. In the master suite, you will find double sinks, large walk in shower, beautiful tile floors, and walk in closet. Gorgeous updated flooring throughout the home and the low maintenance backyard. Need additional features? This home has a whole house RO and water softener system. Schedule a showing NOW before it's gone. Tenants occupied. Current rent: $2400. Lease expire 09/10/2021. Great for investors too.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Emperor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Emperor Estates

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,824
Property Tax -$383
Property Insurance -$76
HOA -$86
Property Management Fees -$99
CASH FLOW
-$448

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.

$525,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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-$10k-$5.0k$0.0$5.0k$10k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,956

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
  • $2,135

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9954$2,1755$2,495
$2,495
RENT COMPS ANALYSIS
  • 19615 E Oriole Way Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19723 E Arrowhead Trail Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2005
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 19042 E Swan Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 18974 E Lark Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.85
    •  
  • 20126 E Nighthawk Way Queen Creek, AZ 5
    • 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2018 4 beds 5 baths ∙ 2,725 Sqft ∙ Built 2018
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.92
    •  
PROPERTY LISTING DETAILS
Mark Brower
Mark Brower Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188222
Last Updated: 02/04/2021
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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