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18197 E El Buho Pequeno -- Gold Canyon, AZ 85118

3 Beds 2 Baths 1,655 sqft Built 2006

$325,500

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $196.68
  • 5 Days on Market
  • MLS # : 6174179
  • Updated Date : 12/23/2020 at 13:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,655 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Beautiful, well maintained home welcomes you inside the moment you open the door. This home offers a very spacious livingroom/dining area as you walk in the door. The kitchen boasts a large island upgraded Corian countertops and all matching black appliances. The familyroom is a great place to relax or gather with friends and family. The spacious master bedroom has a huge walk-in closet and has dual sinks, full tub with shower in the master-bath. The back yard is beautifully landscaped with an extended patio of pavers. The garage has a super clean painted floor and a soft water loop. Entrada Del Oro is completely surrounded by public land so it's great for enjoying your off-road vehicles, ATVs, hiking, and biking. This home qualifies for NO DOWN PAYMENT USDA FINANCING!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10391981

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$292,950$358,050$325,500

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,201
Property Tax -$255
Property Insurance -$59
HOA -$20
Property Management Fees -$99
CASH FLOW
-$174

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.

$325,500

PROJECTED PRICE

$1,460

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,008

INVESTMENT

$92,008

Down Payment
$81,375
Rehab Estimate
$5,750
Closing Costs
$4,883

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,201

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,375
Loan Amount $244,125
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,456

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,460
$1,460
RENT COMPS ANALYSIS
  • 18197 E El Buho Pequeno -- Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.88
    •  
  • 18293 E El Buho Pequeno -- Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2006
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Robin J Arnold
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174179
Last Updated: 12/23/2020
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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