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1339 W Mesquite Avenue Apache Junction, AZ 85120

3 Beds 2 Baths 1,463 sqft Built 1998

INVESTimate

$269,900

List Price

$1,280

$1,152 - $1,408

Rent Est.

$293,975  ( +8.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $184.48
  • 6 Days on Market
  • MLS # : 6120818
  • Updated Date : 08/21/2020 at 14:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Enjoy vaulted ceilings, fresh paint, and new appliances in this 3 bedroom, 2 bathroom home in the Sunrise Canyon community! In the kitchen, you'll discover a new dishwasher, new range, a pantry, and a perfect dining area glowing with natural light. The living room features new, plush carpet, and high ceilings to open the space. Retreat back to the primary bedroom where you'll enjoy a private ensuite bathroom with a stylish vanity. The second and third bedrooms do not disappoint in size and will provide your family with plenty of room. In the backyard, you'll love getting fresh air out on the covered patio and there's yard space for a pet to roam. This home is within walking distance of schools and parks and is just minutes from Costco, shopping, and Hwy 60!

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
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$996
Property Tax -$161
Property Insurance -$56
HOA -$30
Property Management Fees -$99
CASH FLOW
-$62

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.

$269,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,2953$1,3754$1,3995$1,450
$1,450
RENT COMPS ANALYSIS
  • 1339 W Mesquite Avenue Apache Junction, 1
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.87
    •  
  • 1250 W 21st Avenue Apache Junction, 2
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1999
    LEASED 04/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.04
    •  
  • 1679 S Stetson Court Apache Junction, 3
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.06
    •  
  • 2101 W Tufa Street Apache Junction, 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.99
    •  
  • 660 S Lawson Drive Apache Junction, 5
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120818
Last Updated: 08/21/2020
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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