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20906 E Macaw Drive Queen Creek, AZ 85142

4 Beds 3 Baths 2,185 sqft Built 2018

INVESTimate

$469,990

List Price

$1,800

$1,620 - $1,980

Rent Est.

$488,743  ( +3.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $215.10
  • 6 Days on Market
  • MLS # : 6120969
  • Updated Date : 08/21/2020 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,185 sqft
  • Baths : 3 full
Listing Agent

Marble Real Estate

Listing Agent's Description

Beautiful MODEL HOME by Shea Homes. You will be sure to love this highly efficient great room floor plan, featuring four bedrooms and three baths. This beautiful Model Home features a Large Turf Area with Custom BBQ and Fire Pit in Backyard, Stainless Steel Appliances including Refrigerator, Washer/Dryer/Sink in Laundry, Engineered Quartz Countertops, Linen Raised Panel Cabinets...And Much Much More!Located at the SEC of Ellsworth and Germann Roads. Close to Phoenix-Mesa Gateway Airport, golfing, shopping, and dining, Gateway Quarter is a great place to call home. Within the community, enjoy a park with ramada, basketball, balance beams, climbing boulders, tree house, slide, and more!

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
 

$422,991$516,989$469,990

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,734
Property Tax -$355
Property Insurance -$70
HOA -$112
Property Management Fees -$99
CASH FLOW
-$570

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.

$469,990

PROJECTED PRICE

$1,800

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,297

INVESTMENT

$130,297

Down Payment
$117,498
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,498
Loan Amount $352,493
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$494

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
  • $1,956

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,8504$1,9755$2,300
$2,300
RENT COMPS ANALYSIS
  • 20906 E Macaw Drive Queen Creek, 1
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21144 E Saddle Way Queen Creek, 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2004
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 19938 E Mayberry Road Queen Creek, 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
    •  
  • 20273 E Raven Drive Queen Creek, 4
    • 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
    •  
  • 21160 E Twin Acres Drive Queen Creek, 5
    • 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2002
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Roger Marble
Marble Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120969
Last Updated: 08/21/2020
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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