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1123 S Main Drive 
Apache Junction, AZ
85120
2 Beds 2 Baths 1,130 sqft
Built 1978
INVESTimate
$240,000
List Price
$69,350
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PROPERTY INFO
FACTS
- Built In 1978
- Price/Sqft : $212.39
- 1 Days on Market
- MLS # : 6122557
- Updated Date : 08/25/2020 at 18:32
CONSTRUCTION
- Beds : 2
- Floor Size : 1,130 sqft
- Baths : 2 full
Listing Agent
Lost Dutchman Realty
Listing Agent's Description
This 55+ Community has no monthly HOA Fees! There is an option $250 Year fee for use of the clubhouse, pool and other amenities. Home is Move in Ready, New paint inside and out, New Kitchen Appliances and granite counter tops,Wood Flooring thru out, New windows,also New bathroom vanity tops, New storage shed.Has a RV Gate,So Bring your Boat or Motor home. Also Home comes Fully Furnished. YOU will love living in thus Beautful home, and neighborhood.FeaturesRoom Details
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$126 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$90
|
||
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.
$240,000
PROJECTED PRICE
$1,070
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
3.92
YEARS SAVED
$10,088
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
-
$1,088
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1123 S Main Drive Apache Junction, 1
- 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
460 E 10th Avenue #102 Apache Junction, 2
- 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984
LEASED 09/01/19- Rent
- Rent Per SQFT
- $750
- $0.96
-
1920 S Plaza Drive #11 Apache Junction, 3
- 2 beds 2 baths ∙ 889 Sqft ∙ Built 1987 2 beds 2 baths ∙ 889 Sqft ∙ Built 1987
LEASED 07/01/19- Rent
- Rent Per SQFT
- $800
- $0.90
-
153 N Ocotillo Drive #10 Apache Junction, 4
- 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970
LEASED 12/30/19- Rent
- Rent Per SQFT
- $865
- $1.01
-
1924 W 13th Avenue Apache Junction, 5
- 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,150
- $0.98
PROPERTY LISTING DETAILS
Lost Dutchman Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122557
Last Updated: 08/25/2020
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.
