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1755 E Mesquite Avenue Apache Junction, AZ 85119

3 Beds 2 Baths 1,735 sqft Built 2018

$359,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $207.44
  • 4 Days on Market
  • MLS # : 6195734
  • Updated Date : 02/18/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,735 sqft
  • Baths : 2 full
Listing Agent

Midland Real Estate Alliance

Listing Agent's Description

Awesome opportunity to own this home that is like new in a gated active adult community! Pride of ownership in this gem. Enjoy the beautiful sunsets while sitting on the front patio overlooking the superstition mountains!! Beautiful wood look tile, custom paint, gorgeous kitchen and a custom tiled out shower in the master bathroom! Schedule your appointment today to view this fantastic property before it is gone!

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
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,250
Property Tax -$192
Property Insurance -$61
HOA -$114
Property Management Fees -$99
CASH FLOW
-$136

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.

$359,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,401

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
  • $1,583

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3473$1,4504$1,5005$1,549
$1,549
RENT COMPS ANALYSIS
  • 1755 E Mesquite Avenue Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3295 S Conestoga Road Apache Junction, AZ 2
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2001
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,347
    • $0.83
    •  
  • 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
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 899 E Pima Avenue Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 3331 S Chaparral Road Apache Junction, AZ 5
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.96
    •  
PROPERTY LISTING DETAILS
Cherie Clark
Midland Real Estate Alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195734
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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