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1637 S Desert View Place Apache Junction, AZ 85120

3 Beds 3 Baths 2,048 sqft Built 2017

$278,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.74
  • 3 Days on Market
  • MLS # : 6212113
  • Updated Date : 03/26/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

BEAUTIFUL HOME FABULOUS OPEN CONCEPT FLOORPLAN WONDERFUL LOCATION WITH MOUNTIAN VIEWS TO THE EAST. METICUOUSLY MAINTAINED AND JUST LIKE NEW! FLOORPLAN WITH GREAT ROOM OPEN TO HUGE KITCHEN WITH TONS OF CABINETRY FOR STORAGE & LARGE ISLAND, SPACIOUS PANTRY. GREAT LAUNDRY ROOM & HALF BATH. FABULOUS MASTER BEDROOM ON MAIN LEVEL HAS SLIDERS ACCESSING THE COZY PATIO. MASTER BEDROOM ALSO W/ENSUITE BATH & WALK-IN CLOSET. 2ND FLOOR W/2-BDRMS, ADDITIONAL LOFT/BONUS/FAMILY RM SPACE W/ HUGE STORAGE CLOSET. THE LOFT IS A GREAT CHILDREN PLAY AREA, MEDIA ROOM OR HOME OFFICE. FANTASTIC HOME FOR ENTERTAINING AND CHARMING PATIO TO RELAX WHILE BBQING. GATED NEIGHBORHOOD WITH COMMUNITY POOL & GRASSY CHILDRENS PLAY AREA. THIS IS A MUST SEE!!!

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
 

$250,200$305,800$278,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$966
Property Tax -$164
Property Insurance -$67
HOA -$146
Property Management Fees -$99
CASH FLOW
$89

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.

$278,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.55%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$79,420

INVESTMENT

$79,420

Down Payment
$69,500
Rehab Estimate
$5,750
Closing Costs
$4,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$966

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,500
Loan Amount $208,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$22,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4903$1,5304$1,6505$1,775
$1,775
RENT COMPS ANALYSIS
  • 1637 S Desert View Place Apache Junction, AZ 3
    • 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,048 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.75
    •  
  • 10816 E Forge Circle Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 10630 E Bramble Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 1679 S Desert View Place Apache Junction, AZ 4
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2016
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 10718 E Arbor Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
PROPERTY LISTING DETAILS
William Goodman
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212113
Last Updated: 03/26/2021
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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