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19685 E Canary Way Queen Creek, AZ 85142

4 Beds 3 Baths 3,040 sqft Built 2004

$499,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $164.44
  • 2 Days on Market
  • MLS # : 6206417
  • Updated Date : 03/13/2021 at 23:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,040 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Look no further for a beautiful home in the heart of Queen Creek. Just in time for swimming in the sparkling pool for summer. 4 bedrooms with 2 and half baths a 3 car garage and two separate living spaces downstairs. An open kitchen with double ovens looking out onto the pool and landscaped backyard.Close to shopping, schools, dining and freeway access!

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,736
Property Tax -$364
Property Insurance -$86
HOA -$80
Property Management Fees -$99
CASH FLOW
-$26

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.

$499,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.47%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$24,436

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
  • $2,576

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3954$2,4005$2,695
$2,695
RENT COMPS ANALYSIS
  • 19685 E Canary Way Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21302 S 202nd Street Queen Creek, AZ 2
    • 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 20586 E Raven Drive Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,725 Sqft ∙ Built 2016
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 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
    •  
  • 19716 E Thorton Road Queen Creek, AZ 5
    • 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cara O'dowd
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206417
Last Updated: 03/13/2021
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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