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1800 S Apache Drive Apache Junction, AZ 85120

2 Beds 1 Baths 1,115 sqft Built 1979

$249,900

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $224.13
  • 4 Days on Market
  • MLS # : 6183736
  • Updated Date : 01/23/2021 at 16:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,115 sqft
  • Baths : 1 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Beautiful home with a great location! This must see well-maintained home is located in Apache Junction. This home features 2 large bedrooms and 1 bathroom. Large kitchen and great room. Backyard has a covered patio and plenty of space to entertain guests! Large 2-car carport with an over-sized RV Gate into the back-yard. Bring your buyers!! This home will NOT be on the market long.

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
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$868
Property Tax -$134
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$159

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.

$249,900

PROJECTED PRICE

$990

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,492

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
  • $1,031

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7493$7504$1,1505$1,300
$1,300
RENT COMPS ANALYSIS
  • 1800 S Apache Drive Apache Junction, AZ 1
    • 2 beds 1 baths ∙ 1,115 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,115 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 458 E Quail Avenue #3 Apache Junction, AZ 2
    • 2 beds 1 baths ∙ 899 Sqft ∙ Built 1999 2 beds 1 baths ∙ 899 Sqft ∙ Built 1999
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $749
    • $0.83
    •  
  • 460 E 10th Avenue #102 Apache Junction, AZ 3
    • 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $750
    • $0.96
    •  
  • 1924 W 13th Avenue Apache Junction, AZ 4
    • 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.98
    •  
  • 1576 S Royal Palm Road Apache Junction, AZ 5
    • 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,395 Sqft ∙ Built 1976
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Raquel Y Svendsen
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183736
Last Updated: 01/23/2021
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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