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21440 S 193rd Street Queen Creek, AZ 85142

4 Beds 3 Baths 2,609 sqft Built 2012

$569,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $218.09
  • 3 Days on Market
  • MLS # : 6158909
  • Updated Date : 11/14/2020 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,609 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

Beautifully updated home on a 1/3 acre premium lot! Stunning 4 bedroom, 2.5 bathroom home with a pavered courtyard, gourmet kitchen, great room, 10 ft ceilings, 3 car garage and beautiful backyard with build in gas BBQ, fire pit ,large pergola and POOL with tons of water features. This open floorplan has updated wood like tile, plantation shutters, custom 16' sliding doors and electric blinds. Chef's dream kitchen w/double ovens, 5 burner gas cooktop, stainless steel appliances, granite countertops, custom lighting, faux wood beams, 7.5'' base board, custom trim throughout including crown molding and island. New 12'X8' storage shed and room to store boats and toys.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lucia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k505k

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

Neighborhood: Lucia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9912586

* 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
Desert Mountain Elementary School Primary Regular 481 20 9
Newell Barney Junior High School Middle Regular 785 35 7
Queen Creek High School High Regular 1,799 73 5

Desert Mountain Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 20
9
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
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,099
Property Tax -$415
Property Insurance -$78
HOA -$130
Property Management Fees -$99
CASH FLOW
-$451

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.

$569,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,531

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3503$2,3704$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 21440 S 193rd Street Queen Creek, AZ 3
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.91
    •  
  • 19358 E Arrowhead Trail Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2004
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 19335 E Carriage Way Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,307 Sqft ∙ Built 2005
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
  • 19615 E Oriole Way Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2016
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 18866 E Cardinal Way Queen Creek, AZ 5
    • 4 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wendy J Macica
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158909
Last Updated: 11/14/2020
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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