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20665 E Canary Way Queen Creek, AZ 85142

3 Beds 2 Baths 1,948 sqft Built 2016

$430,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $220.74
  • 4 Days on Market
  • MLS # : 6192705
  • Updated Date : 02/11/2021 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,948 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Outstanding 3 bed 2 bath home in desirable community at Queen Creek Station. This charming property gives you a paver driveway and walkway, RV gate, and natural grass front yard. You enter to 18'' tile flooring, an open den, and 16 ft sliders providing an abundance of natural light. Stunning kitchen, features granite counters, center island, tiled backsplash, industrial pendants & recessed lighting, spacious walk-in pantry, & plethora of handsome staggered espresso wood cabinetry. Perfect home for entertaining inside & out with an open floor plan. Private master w/dual sinks, walk-in shower with dual showerheads, bench seat, & walk-in closet. Out back, you have a covered and paved patio with so much potential to make it your own private oasis, as this property is located in a premium lot.

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,494
Property Tax -$325
Property Insurance -$65
HOA -$125
Property Management Fees -$99
CASH FLOW
-$298

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.

$430,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,261

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
  • $1,846

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8504$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 20665 E Canary Way Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21115 E Saddle Way Queen Creek, AZ 2
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2004
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 19938 E Mayberry Road Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 20755 E Mockingbird Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2016
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 19914 E Carriage Way Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.97
    •  
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 #: 6192705
Last Updated: 02/11/2021
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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