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10426 E Bonnell Street Apache Junction, AZ 85120

3 Beds 3 Baths 1,954 sqft Built 2003

$295,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $150.97
  • 2 Days on Market
  • MLS # : 6174326
  • Updated Date : 12/26/2020 at 09:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,954 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! This wonderful 3 bed, 2.5 bath home has NEW Vinyl flooring in all the right places with a 2 car garage. Interior features a large dining and living area, neutral paint throughout, and a lovely kitchen comprised of ample cabinet and counter space with a pantry, matching appliances, and track lighting. Inside the HUGE master bedroom you will find vaulted ceilings, a spacious walk-in closet, and a full bath with a dual vanity perfect for couples! Kids rooms are oversized as well with plenty of closet space. This home also includes a cozy backyard with a covered patio and tons of potential for customization, this home simply has a lot to offer. Don't waste any time and schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Merrill Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Merrill Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$265,500$324,500$295,000

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 -$1,088
Property Tax -$131
Property Insurance -$65
HOA -$69
Property Management Fees -$99
CASH FLOW
$158

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.

$295,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$37,997

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
  • $1,729

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4903$1,5504$1,5845$1,600
$1,600
RENT COMPS ANALYSIS
  • 10426 E Bonnell Street Apache Junction, AZ 1
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10630 E Bramble Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 542 N Canfield -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2002
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 423 S Sabrina -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2003
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,584
    • $0.81
    •  
  • 244 N Wesley -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Dusty Megahey
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174326
Last Updated: 12/26/2020
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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