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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $201.77
- 2 Days on Market
- MLS # : 6165659
- Updated Date : 11/28/2020 at 19:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,586 sqft
- Baths : 2 full
Listing Agent
Just Selling Az
Listing Agent's Description
Incredible view lot sits at the end of the cul de sac with near total privacy. You have unobstructed views of the Desert from the backyard and the magnificent Superstition Mountains from the front. The new paint makes this well maintained 3br, 2ba home feel like new The kitchen has all newer stainless steel appliances, with a farmers stainless steel sink and a pantry. Upgraded stainless steel fans in the living room and master bedroom as well as designer lighting above dining area. Tile in all the right places with a design rock inlay in the entry' Newer carpet in LR and BR's. Lots of windows to enjoy the view from almost every room. Gold Canyon community is close to golf, hiking, off-roading, dining, shopping and known for the gorgeous scenery.
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PRICE & RENT TRENDS
Zip Code: 85118
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85118
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$265 | |
| Property Insurance | -$58 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$288
|
||
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.
$320,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
1.33
YEARS SAVED
$2,334
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
-
$1,435
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
10373 E Trailhead Court Gold Canyon, AZ 1
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
10735 E Second Water Trail Gold Canyon, AZ 2
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,300
- $1.00
-
9866 E Stone Circle Lane Gold Canyon, AZ 3
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,350
- $0.88
-
9960 E Prospector Drive Gold Canyon, AZ 4
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,400
- $0.83
-
10300 E Trailhead Court Gold Canyon, AZ 5
- 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.91
PROPERTY LISTING DETAILS
Just Selling Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165659
Last Updated: 11/28/2020
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.
