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20538 E Mayberry Road Queen Creek, AZ 85142

3 Beds 3 Baths 2,350 sqft Built 2018

$475,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $202.13
  • 4 Days on Market
  • MLS # : 6189604
  • Updated Date : 02/04/2021 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,350 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Outstanding 3 bed 2.5 bath home in desirable community at Queen Creek Station. This charming property gives you gorgeous landscaping, paver driveway and walkway, RV gate, stone accents on the facade. You enter to a bright interior complete w/ archways, natural light, beautiful faux wood floors, open den, 16 ft sliders to access private side courtyard from family room, & ceiling fans throughout. Stunning kitchen features granite counters, center island, breakfast bar, shiplap design backsplash, luxurious pendant & recessed lighting, pantry, & plethora of handsome white wood cabinetry. Perfect home for entertaining inside & out. Out back, you have a covered and paved patio, along with so much potential to make it your own. This fantastic home will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Queen Creek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Queen Creek

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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,650
Property Tax -$359
Property Insurance -$73
HOA -$125
Property Management Fees -$99
CASH FLOW
$24

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.

$475,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$26,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,2953$2,3304$2,3955$2,550
$2,550
RENT COMPS ANALYSIS
  • 20538 E Mayberry Road Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.99
    •  
  • 20273 E Raven Drive Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 20845 E Macaw Drive Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2020
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.05
    •  
  • 20595 E Mockingbird Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2015
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.10
    •  
  • 21103 E Longwood Drive Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2019
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Rebecca D Obracanik
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189604
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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