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19707 S 194th Street Queen Creek, AZ 85142

5 Beds 3 Baths 2,987 sqft Built 2004

$499,997

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.39
  • 2 Days on Market
  • MLS # : 6190526
  • Updated Date : 02/06/2021 at 22:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,987 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

READY TO MOVE IN? This beauty in the heart of Queen Creek, just minutes from QC Station, Queen Creek Marketplace, Phoenix-Mesa Gateway Airport, San Tan Marketplace and so much more, is the ideal locale for your next home. Your family will absolutely love this home as it is equipped with 5 bedrooms, and 3 bathrooms that provide an outstanding living experience for all. Perhaps the best and most outstanding feature of the home is the gourmet kitchen and beautiful backyard. No homes looking down behind the property.

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
 

$449,997$549,997$499,997

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,737
Property Tax -$364
Property Insurance -$85
HOA -$80
Property Management Fees -$99
CASH FLOW
-$145

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.

$499,997

PROJECTED PRICE

$2,220

PROJECTED RENT

0.44%

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

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$138,249

INVESTMENT

$138,249

Down Payment
$124,999
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,999
Loan Amount $374,998
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,345

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,3003$2,3504$2,4005$2,695
$2,695
RENT COMPS ANALYSIS
  • 19707 S 194th Street Queen Creek, AZ 1
    • 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,987 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.74
    •  
  • 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
    •  
  • 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
Matthew C Chick
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190526
Last Updated: 02/06/2021
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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