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1243 S Lawther Drive Apache Junction, AZ 85120

2 Beds 1 Baths 1,100 sqft Built 1972

$224,900

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $204.45
  • 2 Days on Market
  • MLS # : 6162758
  • Updated Date : 11/20/2020 at 19:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,100 sqft
  • Baths : 1 full
Listing Agent

Nexthome Alliance

Listing Agent's Description

STOP LOOKING Your Search is Over. This Home is in Amazing Condition! Remodeled and Upgraded in 2012. Features: New Paint & Carpeting, Cherry Kitchen Cabinets, updated fixtures and hardware, the upgraded tile flooring expands into the Converted Arizona Room to add more livable Square Footage, newer Roof & AC Unit, Efficient Low E Windows, Updated 200 Amp Panel, Solid Block Construction, Detached Shop on a concrete pad is 290 Sq Ft includes Electric, Driveway has plenty of space for parking, Fenced in yard, Low maintenance landscaping, mature citrus trees, OPTIONAL HOA Fee of $250/year, It includes a clubhouse complete w/an exercise room, library, hobby room, billiard room, pool, shuffleboard, horseshoe pit, and tons of activities! Close to freeway, shopping, hiking, golf & much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* 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
Four Peaks Elementary School Primary Regular 686 37 6
Four Peaks Elementary School Middle Regular 686 37 6
Apache Junction High School High Regular 1,304 69 3

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Apache Junction High School

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

$202,410$247,390$224,900

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$830
Property Tax -$118
Property Insurance -$49
HOA -$2
Property Management Fees -$99
CASH FLOW
-$87

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.

$224,900

PROJECTED PRICE

$1,010

PROJECTED RENT

0.45%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$9,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,122

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$848
1$8482$8653$1,0104$1,1505$1,250
$1,250
RENT COMPS ANALYSIS
  • 1243 S Lawther Drive Apache Junction, AZ 3
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $0.92
    •  
  • 2618 W 5th Avenue #b Apache Junction, AZ 1
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $848
    • $1.06
    •  
  • 153 N Ocotillo Drive #10 Apache Junction, AZ 2
    • 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, AZ 4
    • 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
    •  
  • 1968 W 13th Avenue Apache Junction, AZ 5
    • 2 beds 2 baths ∙ 1,211 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,211 Sqft ∙ Built 1981
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Chris Benson
Nexthome Alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162758
Last Updated: 11/20/2020
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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