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22056 E Camacho Road Queen Creek, AZ 85142

4 Beds 4 Baths 3,194 sqft Built 2015

INVESTimate

$659,900

List Price

$2,570

$2,320 - $2,820

Rent Est.

$703,981  ( +6.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $206.61
  • 3 Days on Market
  • MLS # : 6119889
  • Updated Date : 08/25/2020 at 23:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,194 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Built for family gatherings, entertainment & outdoor living, this 4 year new home has custom upgrades of the highest quality materials & professional craftsmanship throughout both interior & multiple outdoor living spaces. The most popular floorplan in the East Valley, this home is in immaculate condition from top to bottom, w/ upgraded cabinets, high end appliances & exquisite french oak wide plank hardwood flooring. Placed on a huge lot, you are afforded privacy at every turn. Large setbacks from adjacent neighbors w/ no neighbors behind allows seclusion while enjoying your luxury pool, pergola, custom grill island and mountain views from raised seating areas & kid/pet friendly lawn and putting green.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Charleston Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $97k416k

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

Neighborhood: Charleston Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9912312

* 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
 

$593,910$725,890$659,900

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,435
Property Tax -$495
Property Insurance -$89
HOA -$128
Property Management Fees -$99
CASH FLOW
-$676

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.

$659,900

PROJECTED PRICE

$2,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,332

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
  • $2,651

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4504$2,6505$2,670
$2,670
RENT COMPS ANALYSIS
  • 22056 E Camacho Road Queen Creek, 1
    • 4 beds 4 baths ∙ 3,194 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,194 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21141 E Via Del Oro -- Queen Creek, 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2002
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 22318 S 226th Place Queen Creek, 3
    • 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.85
    •  
  • 21539 S 215th Place Queen Creek, 4
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 21457 E Maya Road Queen Creek, 5
    • 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,102 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jennifer Bellinger
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119889
Last Updated: 08/25/2020
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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