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10807 E Secret Canyon Road Gold Canyon, AZ 85118

3 Beds 2 Baths 1,643 sqft Built 2003

$335,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $203.90
  • 3 Days on Market
  • MLS # : 6204840
  • Updated Date : 03/13/2021 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

FLOOR PLAN - CONDITION - LOCATION: This is one of the most popular floor plans in this community. It is a split 3 bedroom configuration - guests on the front side, master in the rear, which is ideal for guests or family. It is an open configuration with a spacious kitchen and living room. The home is in very good condition with new kitchen appliances and new A/C. This gated community boasts terrific Superstition Mountain views, privacy, and a great community environment. Do not miss your opportunity to move into one of the nicest subdivisions in the east valley!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10391981

* 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
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

Cactus Canyon Junior High School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
4
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,164
Property Tax -$262
Property Insurance -$59
HOA -$55
Property Management Fees -$99
CASH FLOW
-$239

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.

$335,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 10807 E Secret Canyon Road Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.85
    •  
  • 9866 E Stone Circle Lane Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 9960 E Prospector Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6717 S Hohokam Way Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 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
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Samuel Roberts
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204840
Last Updated: 03/13/2021
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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