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1471 S Lawther Drive Apache Junction, AZ 85120

3 Beds 2 Baths 1,205 sqft Built 1972

$284,999

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $236.51
  • 5 Days on Market
  • MLS # : 6194969
  • Updated Date : 02/18/2021 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,205 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

Beautiful brick home fully remodeled in 2020, quartz countertops white cabinets and stainless steel appliances. 3 bedrooms plus arizona room and separate laundry room with cute new tile. Tons of storage; spacious closets, large storage shed in backyard & garage access from kitchen. Less than 5 minutes away from shopping plazas with restaurants and grocery stores including Sprouts & Costco.

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
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

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
 

$256,499$313,499$284,999

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$990
Property Tax -$149
Property Insurance -$51
HOA -$2
Property Management Fees -$99
CASH FLOW
-$130

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.

$284,999

PROJECTED PRICE

$1,160

PROJECTED RENT

0.41%

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$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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,749
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,881

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,265

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2763$1,3994$1,630
$1,630
RENT COMPS ANALYSIS
  • 1471 S Lawther Drive Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,205 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.96
    •  
  • 1904 S Apache Drive Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,276
    • $1.10
    •  
  • 2101 W Tufa Street Apache Junction, AZ 3
    • 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
    •  
  • 11502 E Crescent Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.06
    •  
PROPERTY LISTING DETAILS
Marisol Quintanar
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194969
Last Updated: 02/18/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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