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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $154.75
- 2 Days on Market
- MLS # : 6195761
- Updated Date : 02/20/2021 at 14:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,261 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Unbelievable remodel - Everything has been done for you. Just move right in! Lower level with new tile plank wood look flooring. Kitchen with SS appliances, new quartz countertops, farm style sink, subway backsplash, breakfast bar, huge walk-in pantry & new recessed lighting. New hardware on all doors & soft close cabinets, New baseboards, electrical plugs & outlets throughout! Den is perfect for work-at-home space. Upstairs with new carpet & luxury laminate in laundry & baths. 16X30 loft has endless possibilities. Master bedroom w/2 closets. New Quartz counters & new faucets in hall & master baths. Fresh interior paint. Exterior w/extended patio, new rolled patio roof & pad for spa! Built-in cabinets in garage. RV gate. New landscape front & back w/artificial turf for easy maintenance!
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PRICE & RENT TRENDS
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$187 | |
| Property Insurance | -$71 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
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.
$349,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
2.5
YEARS SAVED
$6,930
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,594
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
1912 E 39th Avenue Apache Junction, AZ 1
- 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,261 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,430
- $0.63
-
3264 S Chaparral Road Apache Junction, AZ 2
- 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2003
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,495
- $0.66
-
1918 E 37th Avenue Apache Junction, AZ 3
- 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2001
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,600
- $0.70
-
2333 E 27th Avenue Apache Junction, AZ 4
- 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2009
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.71
-
2360 E 35th Avenue Apache Junction, AZ 5
- 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2001
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.75
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195761
Last Updated: 02/20/2021
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.
