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1443 S Delaware Drive Apache Junction, AZ 85120

2 Beds 2 Baths 1,156 sqft Built 1977

$200,000

List Price

$1,050

$945 - $1.2K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $173.01
  • 7 Days on Market
  • MLS # : 6164147
  • Updated Date : 11/26/2020 at 14:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,156 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

A charming 2 bed, 2 bath property located in a 55+ community in Apache Junction is now on the market! Featuring low maintenance landscaping with a 1 car garage and much more, you simply have to come see it for yourself! Inside you will find a semi-open floor plan with neutral paint throughout and an elegant kitchen equipped with ample cabinet and counter space, as well as all the appliances you need for home cooking. Also including a fabulous master bedroom with its own private bath, and a cozy backyard covered patio perfect for spending a relaxing summer evening, this is sure to be the home you've been looking for! Schedule a showing today!

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
 

$180,000$220,000$200,000

PURCHASE PRICE

$945$1,155$1,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,050
EXPENSES Loan Payment -$738
Property Tax -$105
Property Insurance -$50
HOA -$2
Property Management Fees -$99
CASH FLOW
$57

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.

$200,000

PROJECTED PRICE

$1,050

PROJECTED RENT

0.53%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$20,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,050

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,142

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$865
1$8652$1,0503$1,1504$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 1443 S Delaware Drive Apache Junction, AZ 2
    • 2 beds 2 baths ∙ 1,156 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,156 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 153 N Ocotillo Drive #10 Apache Junction, AZ 1
    • 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 3
    • 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 4
    • 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
    •  
  • 1576 S Royal Palm Road Apache Junction, AZ 5
    • 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1976
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Brett Tanner
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164147
Last Updated: 11/26/2020
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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