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2065 S Saguaro Drive Apache Junction, AZ 85120

3 Beds 3 Baths 1,975 sqft Built 2019

INVESTimate

$376,162

List Price

$1,780

$1,602 - $1,958

Rent Est.

$412,612  ( +9.69%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $190.46
  • 3 Days on Market
  • MLS # : 6121849
  • Updated Date : 08/24/2020 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,975 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

BELLA CORONA OFFERS ANOTHER BEAUTIFUL HOME. A DEL NORTE FLOORPLAN OFFERING MODERN ELEVATION. 3 BEDROOMS AND 2.5 BATHS, IN APPROX 1975 S.F. NICELY UPGRADED WITH 42'' CABINETS, THE KITCHEN ALSO BOASTS A PUB ISLAND FOR SEATING. RELAX IN THE GREAT ROOM, THEN RETIRE UPSTAIRS TO THE MASTER SUITE FEATURING WALK IN CLOSET, DOUBLE SINKS AND SEP TUB AND SHOWER. OTHER FEATURES INCLUDE COVERED PATIO, UPGRADED DOORS, AND A WATER SOFTENER LOOP. BELLA CORONA IS A GATED COMMUNITY OFFERING A POOL, SPA, RAMADA, DOG PARK, SOCCER FIELD AND BASKETBALL COURT. AMAZING CONSTRUCTION QUALITY. BELLA CORONA....WELCOME HOME.

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PRICE & RENT TRENDS

Zip Code: 85120

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Zip Code: 85120

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$338,546$413,778$376,162

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,388
Property Tax -$201
Property Insurance -$66
HOA -$140
Property Management Fees -$99
CASH FLOW
-$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$376,162

PROJECTED PRICE

$1,780

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.69%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,683

INVESTMENT

$101,683

Down Payment
$94,041
Rehab Estimate
$2,000
Closing Costs
$5,642

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,388

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,041
Loan Amount $282,122
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,963

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,792

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5954$1,7805$1,795
$1,795
RENT COMPS ANALYSIS
  • 2065 S Saguaro Drive Apache Junction, 4
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.90
    •  
  • 10816 E Forge Circle Mesa, 1
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 1999
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 660 S Lawson Drive Apache Junction, 2
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 11057 E Catalina Avenue Mesa, 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1999
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 1679 S Desert View Place Apache Junction, 5
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2016
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Dean Selvey
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121849
Last Updated: 08/24/2020
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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