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22064 E Domingo Road Queen Creek, AZ 85142

4 Beds 3 Baths 2,707 sqft Built 2014

$610,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $225.34
  • 3 Days on Market
  • MLS # : 6209192
  • Updated Date : 03/27/2021 at 20:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,707 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Don't miss your opportunity to live in the highly desirable Charleston Estates community. This immaculate single level home is sure to impress! Paver driveway, stone front accents and synthetic grass front yard. This home features 4 bedrooms, 3 baths and a separate den/office in front. A breathtaking kitchen with large granite island, new subway backsplash and upgraded cabinets with soft-close lowers and hardwired LED lighting! The master suite has a spa inspired bath with a separate tub and shower, and two walk-in closets. One of the secondary bedrooms has an en-suite bath, perfect for guests. Shutters throughout. Head out back to an AMAZING yard - great for entertaining! Diving pool with waterfall and fire features,

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
 

$549,000$671,000$610,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,119
Property Tax -$461
Property Insurance -$80
HOA -$128
Property Management Fees -$99
CASH FLOW
-$667

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.

$610,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,301

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2203$2,2554$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 22064 E Domingo Road Queen Creek, AZ 2
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.82
    •  
  • 20496 E Colt Drive Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 1486 W Princess Tree Avenue San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2015
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,255
    • $0.91
    •  
  • 22144 E Domingo Road Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2014
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 21141 E Via Del Oro -- Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2002
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jacob Sparks
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209192
Last Updated: 03/27/2021
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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