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2657 W Sawtooth Way Queen Creek, AZ 85142

3 Beds 2 Baths 1,584 sqft Built 2003

$265,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $167.30
  • 2 Days on Market
  • MLS # : 6168256
  • Updated Date : 12/05/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful move in ready Queen Creek home available on a desirable corner lot in Morning Sun Farms. 3 bed, 2 bath with a spacious open floor plan and tasteful finishes from wall to wall. Soaring vaulted ceilings, pot shelving, warm custom paint tones, and gorgeous wood and tile flooring throughout. Stylish kitchen is complete with plenty of cabinet and counter space, an island w/ breakfast bar and a sunny dining nook. Bedrooms are generously sized and the master includes a walk in closet and a private ensuite. 2 car garage. Large backyard offers mature trees, a charming paver patio, a firepit and lots of room for pets, play, gardening and so much more. All conveniently located near schools, shopping and restaurants. This gem will sell in a flash. See it and make it yours.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$978
Property Tax -$132
Property Insurance -$58
HOA -$62
Property Management Fees -$99
CASH FLOW
-$49

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.

$265,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,2993$1,3954$1,5755$1,585
$1,585
RENT COMPS ANALYSIS
  • 2657 W Sawtooth Way Queen Creek, AZ 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.81
    •  
  • 2648 W Sawtooth Way Queen Creek, AZ 2
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2003
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.86
    •  
  • 2497 W Bartlett Way Queen Creek, AZ 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 2855 W Yellow Peak Drive Queen Creek, AZ 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 2863 W San Carlos Lane Queen Creek, AZ 5
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.90
    •  
PROPERTY LISTING DETAILS
Christy Hijar
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168256
Last Updated: 12/05/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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