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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $215.59
- 2 Days on Market
- MLS # : 6209840
- Updated Date : 03/20/2021 at 01:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,206 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Well maintained 3 bedroom, 2 bath, single-story home in Cimmarron with gorgeous Superstition Mountain views! The kitchen features stainless steel appliances and white cabinets, Split floor plan, Master bedroom with walk-in closet. Large vaulted ceilings in living room. Nice sized backyard with low maintenance gravel, with a covered patio. This is a must see!
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PRICE & RENT TRENDS
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$147 | |
| Property Insurance | -$51 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
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.
$260,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
5.58
YEARS SAVED
$16,167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,321
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1049 E Greenlee Avenue Apache Junction, AZ 1
- 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,220
- $1.01
-
1515 E 28th Avenue Apache Junction, AZ 2
- 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.10
-
2094 E 28th Avenue Apache Junction, AZ 3
- 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 2007
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,300
- $1.07
-
1050 E Santa Cruz Lane Apache Junction, AZ 4
- 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.04
-
859 E Santa Cruz Lane Apache Junction, AZ 5
- 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1999
![property image]()
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,600
- $1.17
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209840
Last Updated: 03/20/2021
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.
