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1742 S Idaho Road Apache Junction, AZ 85119

3 Beds 2 Baths 1,521 sqft Built 1995

$249,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $163.71
  • 3 Days on Market
  • MLS # : 6170537
  • Updated Date : 12/11/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,521 sqft
  • Baths : 2 full
Listing Agent

Homlinc

Listing Agent's Description

NO HOA! Beautiful newly remodeled home centrally located near schools and shopping. This home features tile floors and matching granite/quartz counters in kitchen and baths! Brand new roof!. New Stainless steel appliances! RV gate with hook up for your RV! Great home, and ready for movie in! Make your offer today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

* 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$919
Property Tax -$133
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$38

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.

$249,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,3503$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1742 S Idaho Road Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.77
    •  
  • 2316 E Yuma Avenue Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2015
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 1032 E Santa Cruz Lane Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 1719 S Pinto Drive Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 1998
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 899 E Pima Avenue Apache Junction, AZ 5
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Robert A Gomez
Homlinc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170537
Last Updated: 12/11/2020
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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