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$490,000

For Sale - Active
22614 E Via Las Brisas, Queen Creek, AZ 85142
3 Beds
2 Baths
1,710 Square Feet
0.14 Acres Lot
Built in 2018
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Aug 27, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$925
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Property Description


0.14 Acres Lot
Built in 2018
For Sale - Active
Units n/a

Welcome to your dream home in Harvest at Meridian - Queen Creek's premier master-planned community! Situated on a prime corner lot that sides one of the neighborhood's beautiful parks, this single-level home offers rare view fencing & stunning sightlines from your professionally landscaped backyard with artificial turf, extended paver patio & covered outdoor living. Inside, you'll find 3 spacious bedrooms, an open den & 2 bathrooms across 1,713 sf of thoughtfully designed living space. The gourmet eat-in kitchen features granite countertops, rich cabinetry, a large center island & diagonal-set tile flooring that flows into the open greatroom. The split floorplan offers privacy with a generous primary suite including a walk-in glass-framed shower, dual sinks & a large walk-in closet. Additional features include an oversized laundry room, extended-length 2-car garage, and ample storage - perfect for full-time living or a winter lock-and-leave. Located just minutes from top-rated schools, Banner Ironwood, Queen Creek's dining & retail core, Schnepf Farms, the Olive Mill, and endless outdoor adventure. Life in Harvest includes resort-style amenities like pools, splash pads, a garden, movie lawn, and scenic walking trails - this is Arizona living at its best!

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Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Meridian HOA
  • HOA Fee: $102/monthly

Land Information

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

Lot Information

  • Parcel ID: 31411115
  • Lot Size: 6249 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2018

Tax Information

  • Annual Tax: $1,918

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Mindy Jones
Real Broker
(602) 451-4975

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6899425
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$925
Cap Rate
3.4%
Cash-on-Cash Return
-9.8%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-5.5%

Purchase Details

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Purchase price:
$490,000
Amount financed:
-$392,000
Down payment:
$98,000
Closing costs:
$14,700
Rehab costs:
$0
Initial cash invested:
$112,700
Square feet:
1,710
Cost per square foot:
$287
Monthly rent per square foot:
$1.40

Financing Details

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Loan amount:
$392,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,319
Property tax:
$160
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,647

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$160-$1,918
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (4%)
4%-$102-$1,224
Total operating expenses: (36%)
36%-$862-$10,342

Cash Flow


Monthly Yearly
Net operating income:
$1,394 $16,728
Mortgage payments:
-$2,319 -$27,828
Cash flow:
$925 $11,100