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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
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
-
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
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164147
Last Updated: 11/26/2020
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.
