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28065 N Quartz Cir Circle Queen Creek, AZ 85143

5 Beds 3 Baths 3,030 sqft Built 2006

$459,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $151.78
  • 2 Days on Market
  • MLS # : 6163325
  • Updated Date : 11/21/2020 at 10:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,030 sqft
  • Baths : 3 full
Listing Agent

Qc Realty

Listing Agent's Description

Amazing 5BR/3BA warm and inviting home full with upgrades has a guest bedroom and full bathroom on the main floor. Separate living and dining rooms. Huge gathering room with 20' ceiling provides an open and airy environment with fireplace and soaring ceiling. Spacious Chef Kitchen with beautiful cabinets, granite countertops and upgraded appliances. Lower level has neutral stamp concrete floors. Large master bedroom with an over-sized walk-in closet. Master bath has a separate tub and shower. Large loft on second floor overlooking downstairs living room wire for surround sound thru out house. Ceiling fans in all rooms. Walk to the backyard to an extended patio and enjoy this Cul-da-Sac lot with over size 15,000 sq. ft. lot w/mature landscaping shade trees. 3 car garage with 220V Pow.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Johnson Ranch

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Walker Butte K-8 School Primary Regular 913 51 4
Walker Butte K-8 School Middle Regular 913 51 4
Poston Butte High School High Regular 1,801 79 4

Walker Butte K-8 School

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Walker Butte K-8 School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 51
4
GreatSchools Rating

Poston Butte High School

  • Education Level: High
  • # of students: 1,801
  • # of teachers: 79
4
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,697
Property Tax -$229
Property Insurance -$86
HOA -$22
Property Management Fees -$99
CASH FLOW
-$523

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.

$459,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,621

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6104$1,6505$2,195
$2,195
RENT COMPS ANALYSIS
  • 28065 N Quartz Cir Circle Queen Creek, AZ 3
    • 5 beds 3 baths ∙ 3,030 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,030 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.53
    •  
  • 1168 E Coyote Creek Way San Tan Valley, AZ 1
    • 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,997 Sqft ∙ Built 2005
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.50
    •  
  • 1127 E Nickleback Street San Tan Valley, AZ 2
    • 5 beds 3 baths ∙ 3,271 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,271 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.49
    •  
  • 346 E Dry Creek Road Queen Creek, AZ 4
    • 4 beds 3 baths ∙ 3,193 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,193 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.52
    •  
  • 27729 N Gary Road San Tan Valley, AZ 5
    • 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 2018
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
PROPERTY LISTING DETAILS
Eduardo Enriquez
Qc Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163325
Last Updated: 11/21/2020
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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