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8625 W Quail Track Drive Peoria, AZ 85383

4 Beds 3 Baths 2,564 sqft Built 2003

$420,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $163.81
  • 4 Days on Market
  • MLS # : 6178041
  • Updated Date : 01/08/2021 at 03:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,564 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Spacious Beazer built 2 story 4 bd 3 full baths with guest bedroom main level & close to bath. (Great for guest or teens) Floor plan offers high ceiling entry way to both living, dining & family rooms, loft up stairs (makes great home office) with the other bedrooms. Nice balcony off loft with nice view of back yard with pebble Tec pool / waterfall. Paver patio has nice ramada too. Island kitchen has eat in area, butler pantry, granite look counters, clean top range, upgraded oak cabinets, lots of counter space, walk in pantry, recessed lighting, built in microwave. Home was upgraded with custom engineered wood floors & tile through out..... carpet only in Living room. The 3rd bay garage is separate so it makes nice work shop? Home has solar with low utilities bills!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k436k

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

Neighborhood: Westwing Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452176

* 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
West Wing School Primary Regular 1,046 51 9
West Wing School Middle Regular 1,046 51 9
Sandra Day O'connor High School High Regular 2,481 108 6

West Wing School

  • Education Level: Primary
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

West Wing School

  • Education Level: Middle
  • # of students: 1,046
  • # of teachers: 51
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,459
Property Tax -$331
Property Insurance -$77
HOA -$21
Property Management Fees -$99
CASH FLOW
$243

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.

$420,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$45,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$2,2004$2,2305$2,295
$2,295
RENT COMPS ANALYSIS
  • 8625 W Quail Track Drive Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.87
    •  
  • 27336 N Higuera Drive Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 27134 N 85th Drive Peoria, AZ 2
    • 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,409 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 9267 W Black Hill Road Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 7997 W Rock Springs Drive Peoria, AZ 5
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
PROPERTY LISTING DETAILS
Dale B Chandler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178041
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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