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20890 E Cattle Drive Queen Creek, AZ 85142

3 Beds 3 Baths 2,352 sqft Built 2019

$479,990

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $204.08
  • 4 Days on Market
  • MLS # : 6208726
  • Updated Date : 03/25/2021 at 19:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Welcome to this newly built modern stunner! This home features a spacious open floorplan, with 3 bedrooms, 3 full bathrooms, and a flex room. The heart of the home is the gourmet kitchen, featuring a dramatic oversized waterfall island, 5-burner gas cooktop, gorgeous cabinets and backsplash, and a walk-in pantry with storage room to spare! The kitchen is open to a great room and dining area that is perfect for entertaining or a cozy night at home. The owner's suite is large and stylish with a huge walk-in closet, and the owner's bath is roomy with double sinks and enormous walk-in shower. Secondary bedrooms are also sized well, with one that includes a full en suite bath. Other upgrades that you won't want to miss are the wood-plank tile flooring, 2-tone paint, soft water pre-plumb,

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
 

$431,991$527,989$479,990

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 -$1,667
Property Tax -$363
Property Insurance -$73
HOA -$112
Property Management Fees -$99
CASH FLOW
$16

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.

$479,990

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$132,947

INVESTMENT

$132,947

Down Payment
$119,998
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,998
Loan Amount $359,993
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,313

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
  • $2,364

    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
  • 20890 E Cattle Drive Queen Creek, AZ 3
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 2019
    property image
    • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sherry A Gijon
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208726
Last Updated: 03/25/2021
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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