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1458 W Mesquite Avenue Apache Junction, AZ 85120

2 Beds 2 Baths 934 sqft Built 1999

$234,995

List Price

$930

$837 - $1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $251.60
  • 4 Days on Market
  • MLS # : 6172429
  • Updated Date : 12/19/2020 at 23:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 934 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Charming 2 bed, 2 bath home with a bright & open floor plan. One/Original Owner. The kitchen has laminate wood floors, oak cabinets, white appliances, and a pantry. Guest room & Kitchen have plantation shutters. Guest Room has a custom, built in Murphy bed w/ storage & it CONVEYS!!! The master has a full bath and a walk-in closet. The backyard has a raised flower bed, Gazebo, Chickens and Chicken Coop (Yes...Fresh Eggs every day!!) ALL above ground plumbing is new as of 2019. Ceiling fans in every room. Backyard has grape producing grapevines! Exterior was recently painted too!! Close to schools, shopping and the US 60! COMMUNITY: Basketball court, Volleyball courtBBQ/Picnic area, Dog Run, Green Belt, Playground with Tot Lot. This is your chance for home ownership under $250k!!

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
 

$211,496$258,495$234,995

PURCHASE PRICE

$837$1,023$930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $930
EXPENSES Loan Payment -$867
Property Tax -$141
Property Insurance -$45
HOA -$30
Property Management Fees -$99
CASH FLOW
-$252

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.

$234,995

PROJECTED PRICE

$930

PROJECTED RENT

0.40%

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-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,024

INVESTMENT

$68,024

Down Payment
$58,749
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,749
Loan Amount $176,246
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $953

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6953$9994$1,1505$1,250
$1,250
RENT COMPS ANALYSIS
  • 1458 W Mesquite Avenue Apache Junction, AZ 1
    • 2 beds 2 baths ∙ 934 Sqft ∙ Built 1999 2 beds 2 baths ∙ 934 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1800 S Monterey Drive #1 Apache Junction, AZ 2
    • 2 beds 2 baths ∙ 675 Sqft ∙ Built 1982 2 beds 2 baths ∙ 675 Sqft ∙ Built 1982
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $695
    • $1.03
    •  
  • 537 S Delaware Drive #109 Apache Junction, AZ 3
    • 2 beds 2 baths ∙ 958 Sqft ∙ Built 2005 2 beds 2 baths ∙ 958 Sqft ∙ Built 2005
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $1.04
    •  
  • 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
    property image
    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
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Michelle M Lohman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172429
Last Updated: 12/19/2020
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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