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$699,000

For Sale - Active
22609 E Roundup Way, Queen Creek, AZ 85142
4 Beds
4 Baths
2,622 Square Feet
0.16 Acres Lot
Built in 2023
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Sep 16, 2025 at 10:05AM

Investment Summary


Monthly Cash Flow
-$1,334
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.6%

Property Description


0.16 Acres Lot
Built in 2023
For Sale - Active
Units n/a

Stunning 4-Bedroom Home in Madera - Queen Creek's Premier Community Welcome to your dream home in the heart of Madera, Queen Creek's newest sought-after community offering quiet living with unbeatable convenience. Just minutes from the 24 Freeway, shopping, dining, and the new Frontier Family Park and Aquatic Center, Madera also features top-tier amenities including a sparkling community pool, pickleball and bocce ball courts, playgrounds, BBQ areas, and shaded ramadas. This exceptional Jade plan home is situated on a desirable corner lot with extended driveway and showcases over 2,600 sq. ft. of upscale living. Shows like a model home. Step inside to find luxury vinyl plank flooring, and soaring 10' ceilings with 8' interior doors, creating an airy and elegant feel throughout. The gourmet kitchen is a chef's dream, featuring white and grey shaker cabinets, quartz countertops, a designer backsplash, a 36" gas cooktop, and a built-in microwave and wall oven. The expansive open layout is perfect for both entertaining and everyday comfort. Retreat to the serene primary suite, complete with a spa-like walk-in tile shower, built-in closet system, and elegant finishes. This 4-bedroom, 3.5-bathroom home includes custom upgrades you won't find anywhere else in the neighborhood, such as striking black frame windows and smooth textured walls. The home also features a meticulously designed backyard oasis with modern pavers and a privacy-enhancing ficus-lined planter area.

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Location


Property Details


Parking

  • Description: Tandem
  • Garage Spaces: 3
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Madera
  • HOA Fee: $93/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 31415660
  • Lot Size: 7150 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2023

Tax Information

  • Annual Tax: $2,518

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Rachele M. Oram
HomeSmart Lifestyles
(480) 688-7033

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6860414
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$1,334
Cap Rate
3.4%
Cash-on-Cash Return
-10.0%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$699,000
Amount financed:
-$559,200
Down payment:
$139,800
Closing costs:
$20,970
Rehab costs:
$0
Initial cash invested:
$160,770
Square feet:
2,622
Cost per square foot:
$267
Monthly rent per square foot:
$1.26

Financing Details

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Loan amount:
$559,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,308
Property tax:
$210
Insurance:
$231
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,749

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,300 $39,600
Vacancy loss: (6%)
6% -$198 -$2,376
Operating income:
$3,102 $37,224

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$210-$2,518
Insurance: (7%)
7%-$231-$2,772
Property management: (8%)
8%-$264-$3,168
Repairs & maintenance: (5%)
5%-$165-$1,980
Capital expenditures: (5%)
5%-$165-$1,980
HOA fees: (3%)
3%-$93-$1,116
Total operating expenses: (34%)
34%-$1,128-$13,534

Cash Flow


Monthly Yearly
Net operating income:
$1,974 $23,688
Mortgage payments:
-$3,308 -$39,696
Cash flow:
-$1,334 -$16,008