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19766 E Cherrywood Drive Queen Creek, AZ 85142

4 Beds 3 Baths 2,450 sqft Built 2001

$525,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $214.29
  • 4 Days on Market
  • MLS # : 6152480
  • Updated Date : 11/20/2020 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,450 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This property truly offers everything! Amazing opportunity to purchase in sought after San Marqui Estates! 2 Split Master Bedrooms w/ the attached guest quarters, + 2 additional bedrooms /3 baths, in great Open Floorplan and 3 Car Garage! Kitchen boasts new tile backsplash, new quartz counters, and new cabinetry! Huge lot features sparkling pool, hot tub, outdoor shower, large shed, and RV parking.Electric gate on guest side, w/private patio is perfect for mother-n-law quarters or out of town guests! Amazing location, don't miss this opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Marqui Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k353k

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

Neighborhood: San Marqui Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9642026

* 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
Queen Creek Elementary School Primary Regular 495 29 8
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Queen Creek Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 29
8
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

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,937
Property Tax -$394
Property Insurance -$75
HOA -$11
Property Management Fees -$99
CASH FLOW
-$596

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,547

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
  • $2,060

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,9504$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 19766 E Cherrywood Drive Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21030 E Pecan Lane Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 20988 E Cherrywood Drive Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2013
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 20496 E Colt Drive Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 21302 S 202nd Street Queen Creek, AZ 5
    • 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kari Potts
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152480
Last Updated: 11/20/2020
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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