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1227 N Starr Road Apache Junction, AZ 85119

2 Beds 2 Baths 1,442 sqft Built 1974

$329,900

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $228.78
  • 4 Days on Market
  • MLS # : 6154642
  • Updated Date : 11/02/2020 at 12:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,442 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

This home is has lots of style and charm. Your clients will be delighted with the amazing views throughout this home. The ceiling is stunning with knotty pine tongue and groove ceilings with wooden beams. The kitchen looks incredible with updated cabinets, countertops and stainless steel appliances. This home has mountain views every where you look. The living room looks amazing. This home has new paint and new flooring throughout and looks great. The bathrooms have been updated and look impressive. The master bedroom even has knotty pine ceilings. The den is located upstairs. The backyard porch is beautiful and perfect for gazing at those spectacular mountain views. This home has lots to offer and is located on 1.25 acres. Come by and see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Apache Junction

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
Desert Vista Elementary School Primary Regular 697 34 4
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

Desert Vista Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 34
4
GreatSchools Rating

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$1,217
Property Tax -$176
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$328

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.

$329,900

PROJECTED PRICE

$1,220

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,489

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
  • $990

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9993$1,2004$1,200
$1,200
RENT COMPS ANALYSIS
  • 1227 N Starr Road Apache Junction, AZ 1
    • 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 824 E Junction Street Apache Junction, AZ 2
    • 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,700 Sqft ∙ Built 1973
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.59
    •  
  • 836 E Junction Street #844 Apache Junction, AZ 3
    • 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,550 Sqft ∙ Built 1968
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 820 E Junction Street Apache Junction, AZ 4
    • 2 beds 2 baths ∙ 1,705 Sqft ∙ Built 1968 2 beds 2 baths ∙ 1,705 Sqft ∙ Built 1968
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.70
    •  
PROPERTY LISTING DETAILS
Angela Larson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154642
Last Updated: 11/02/2020
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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