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2077 W Quick Draw Way Queen Creek, AZ 85142

4 Beds 3 Baths 2,773 sqft Built 2006

$398,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $143.85
  • 4 Days on Market
  • MLS # : 6190806
  • Updated Date : 02/13/2021 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

**THIS IS THE ONE** MOVE IN READY!! 4 beds, 2.5 baths, fresh white NEW PAINT, gorgeous REAL WOOD FLOORS. Beautiful OPEN FLOOR plan, formal living/dining make this home perfect for entertaining! Enjoy quiet evenings in the HUGE FAMILY ROOM and newly painted kitchen. NEWER APPLIANCES! SEPARATE LAUNDRY with extra under-stairs storage- use it for a pet room! The freshly painted 3 car garage is the perfect spot for storing your favorite toys. Giant backyard with loads of room for a pool and NO NEIGHBORS to the South or West, Huge, majestic trees, San Tan MOUNTAIN VIEWS to the South and Gorgeous Superstition mountain views out the front door and from the Master Bedroom. Gated DOG RUN, RV GATE and loads of community PARKS nearby. Around the corner from ALA elementary school, BID NOW!!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85142

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9801981

* 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
 

$359,010$438,790$398,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,386
Property Tax -$199
Property Insurance -$81
HOA -$62
Property Management Fees -$99
CASH FLOW
-$206

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.

$398,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,459

INVESTMENT

$111,459

Down Payment
$99,725
Rehab Estimate
$5,750
Closing Costs
$5,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,725
Loan Amount $299,175
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,298

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
  • $1,768

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6254$1,7005$1,950
$1,950
RENT COMPS ANALYSIS
  • 2077 W Quick Draw Way Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 34543 N Mirandesa Drive San Tan Valley, AZ 2
    • 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 2012
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.61
    •  
  • 887 W Desert Basin Drive San Tan Valley, AZ 3
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2005
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.60
    •  
  • 35082 N Laredo Drive Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 34920 N Mirandesa Drive San Tan Valley, AZ 5
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 2007
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
PROPERTY LISTING DETAILS
Cherry Johnston
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190806
Last Updated: 02/13/2021
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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