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3035 W Santa Cruz Avenue Queen Creek, AZ 85142

4 Beds 3 Baths 2,010 sqft Built 2004

$310,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $154.23
  • 3 Days on Market
  • MLS # : 6193657
  • Updated Date : 02/12/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

JUST IN TIME FOR SUMMER!! 4 Bedrooms/2.5 Bath PLUS Loft & POOL in San Tan Heights! Open Great Room & Kitchen with Eat In Dining & Moveable Kitchen Island. Large Laundry Room. All Four Bedrooms are Upstairs with Great Loft! Exterior Home Freshly Painted Dec.2020. New Garage Door w/ Warranty! New Variable Pool Pump! Great Corner Lot Located Across The Street From One of the Many Community Parks. San Tan Heights Offers 19 Playgrounds/Lots, 2 Volleyball/2 Basketball Courts, 6 mi. of Trails/Paths, Beautiful Community Pool & a Community Center w/ a Work Out Facility.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,077
Property Tax -$154
Property Insurance -$66
HOA -$25
Property Management Fees -$99
CASH FLOW
$359

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.

$310,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.57%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$53,950

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
  • $1,774

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6804$1,6855$1,995
$1,995
RENT COMPS ANALYSIS
  • 3035 W Santa Cruz Avenue Queen Creek, AZ 1
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2709 W Hayden Peak Drive Queen Creek, AZ 2
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2004
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 3131 W Yellow Peak Drive Queen Creek, AZ 3
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 3334 W Yellow Peak Drive Queen Creek, AZ 4
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.87
    •  
  • 3104 W Carlos Lane Queen Creek, AZ 5
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2004
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
PROPERTY LISTING DETAILS
Julie Thompson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193657
Last Updated: 02/12/2021
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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