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12919 E Massai Point Gold Canyon, AZ 85118

3 Beds 3 Baths 1,939 sqft Built 2019

$365,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $188.24
  • 4 Days on Market
  • MLS # : 6169592
  • Updated Date : 12/10/2020 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,939 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Extremely rare, 2019 build 3 bed / 3 bath with a full attached casita AND backs a greenbelt!!! The mother-in-law suite comes with separate kitchen, living area, laundry, bedroom, bath and side entrance! The main house eat-in kitchen has maple cabinets, upgraded granite counters, stainless steel GAS appliances and a pantry. The master has vaulted ceilings, plush carpeting, private entrance, huge shower and a walk-in closet. Backyard has a covered patio and plenty of room for you to create your own oasis! Gorgeous mountain views! Close to the community park, schools, shopping and the US 60. This is a single-level, brand new smart-home with guest casita and you may not see another like it for years.

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
Peralta Trail Elementary School Primary Regular 443 25 8
Peralta Trail Elementary School Middle Regular 443 25 8
Apache Junction High School High Regular 1,304 69 3

Peralta Trail Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Peralta Trail Elementary School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Apache Junction High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,347
Property Tax -$285
Property Insurance -$65
HOA -$76
Property Management Fees -$99
CASH FLOW
-$212

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.45%

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) 3.00%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,725

INVESTMENT

$98,725

Down Payment
$91,250
Rehab Estimate
$2,000
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,6604$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 12919 E Massai Point Gold Canyon, AZ 3
    • 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 9960 E Prospector Drive Gold Canyon, AZ 1
    • 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
    •  
  • 10145 E Dinosaur Ridge Road Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 10260 E Agua Vista Way Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 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
Torie Ellens
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169592
Last Updated: 12/10/2020
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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