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1748 W 15th Avenue Apache Junction, AZ 85120

2 Beds 2 Baths 1,180 sqft Built 1987

$280,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $237.29
  • 3 Days on Market
  • MLS # : 6206006
  • Updated Date : 03/13/2021 at 03:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,180 sqft
  • Baths : 1 full , 1 half
Listing Agent

Maricopa Realty & Trust

Listing Agent's Description

Lovely home in 55+ community of Apache Villa.Two bedroom 1.75 bath home with plantation shutters on the front windows. Enclosed Arizona room off dining area.Real wood cabinets and tile backsplash in the kitchen..kitchen has extra cabinetry. Large laundry room with built in cabinets and a utility sink. Back security door to spacious fenced yard with three citrus trees.Two car garage with built in cabinets and work bench.Security roller shield shades on exterior windows for when you leave if winter visitor.

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$973
Property Tax -$107
Property Insurance -$50
HOA -$2
Property Management Fees -$99
CASH FLOW
-$140

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.

$280,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.39%

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,086

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,0923$1,399
$1,399
RENT COMPS ANALYSIS
  • 1748 W 15th Avenue Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.92
    •  
  • 211 N Ocotillo Drive Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,092
    • $0.85
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Jo D Jones
Maricopa Realty & Trust
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206006
Last Updated: 03/13/2021
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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