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1956 W Quick Draw Way San Tan Valley, AZ 85140

3 Beds 2 Baths 2,080 sqft Built 2006

$343,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.14
  • 3 Days on Market
  • MLS # : 6193115
  • Updated Date : 02/14/2021 at 00:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,080 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Don't miss out ''Living the Dream'' in this amazing Queen Creek home. Within walking distance to Four beautiful community parks. Stunning 3br/2bath home in the highly sought after Morning Sun Farms community. Single level, 3 car garage, North/South exposure with an elegant entry to a beautiful great room and separate formal dining area (could also be a den/study). Bright and cherry eat-in kitchen, custom LED lighting, views of the back yard oasis and a peek at the Superstition Mountains. Popular split bedroom floor plan, ceiling fans and custom built-ins. Back yard oasis with sparkling pool, pebble finish, in-floor cleaning system, water feature, deco stone surrounding pool equipment,putting green and generous cool decking including the covered patio. Hurry - you won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Zip Code: 85140

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
San Tan Heights Elementary School Primary Regular 583 33 2
Mountain Vista Middle School Middle Regular 331 16 1
San Tan Foothills High School High Regular 521 27 2

San Tan Heights Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 33
2
GreatSchools Rating

Mountain Vista Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 16
1
GreatSchools Rating

San Tan Foothills High School

  • Education Level: High
  • # of students: 521
  • # of teachers: 27
2
GreatSchools Rating
 

$309,150$377,850$343,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,193
Property Tax -$182
Property Insurance -$68
HOA -$62
Property Management Fees -$99
CASH FLOW
-$64

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$343,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,778

INVESTMENT

$96,778

Down Payment
$85,875
Rehab Estimate
$5,750
Closing Costs
$5,153

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,193

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,875
Loan Amount $257,625
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,5403$1,5754$1,7005$1,785
$1,785
RENT COMPS ANALYSIS
  • 1956 W Quick Draw Way San Tan Valley, AZ 2
    • 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,080 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.74
    •  
  • 2523 W Prospector Way Queen Creek, AZ 1
    • 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 2004
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.73
    •  
  • 1732 W Desert Spring Way Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2013
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.83
    •  
  • 35297 N Bandolier Drive Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 2005
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 1982 W Appaloosa Way Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ted Willette
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193115
Last Updated: 02/14/2021
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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