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10463 E University Drive Apache Junction, AZ 85120

4 Beds 3 Baths 1,458 sqft Built 1983

$395,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $270.92
  • 2 Days on Market
  • MLS # : 6206888
  • Updated Date : 03/14/2021 at 02:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,458 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Spectacular REMODELED 4 bedroom w/ 3 FULL baths on huge lot (almost 0.4 acre) w/ mountain views! 2 master bedrooms! Amazing backyard w/ refreshing POOL, huge extended tiled patio w/ built-in bar, BBQ, fryer & sink! 240sf workshop/office/poolhouse behind the pool! Huge custom-built raised sitting area w/ firepit! 3 palm trees! Oversized detached 3-car garage (34.5sf x 25sf), 228sf shed, sliding RV gate. NEW exterior & interior paint, NEW wood-look tile throughout, NEW baseboards/trim/doors, NEW granite, NEW wainscoat in kitchen & master bath, stainless appliances, NEW tiled showers, NEW vanities, NEW hardware, NEW lighting & ceiling fans throughout, newer windows. N/S exposure. Mountain views from living room window! Apache Junction address, but in Maricopa County w/ Mesa schools. NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: University Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: University Manor

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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,372
Property Tax -$175
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$471

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.

$395,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$540

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
  • $1,407

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 10463 E University Drive Apache Junction, AZ 1
    • 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,458 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 555 N Canfield Drive Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 2001
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 302 N 103rd Street Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 1999
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 10618 E Bogart Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 10636 E Bramble Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1998
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Suzanne Davis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206888
Last Updated: 03/14/2021
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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