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2219 E Greenlee Avenue Apache Junction, AZ 85119

4 Beds 3 Baths 2,373 sqft Built 2007

$300,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $126.42
  • 4 Days on Market
  • MLS # : 6169843
  • Updated Date : 12/11/2020 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,373 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This two story home awaits for you in a beautiful gated community! Enter home to find a luminous floor plan with a carpeted living area and a fabulous kitchen boasting island for prep & breakfast bar, granite counters, walk-in pantry, mosaic back-splash, cabinetry space, and high-end appliances. Continue upstairs to see laminate flooring in loft & laundry areas. Inside the split master suite you will find a bay window ideal for a sitting area, sliding doors that opens to a lovely private balcony, and full bath with walk-in closet. There's a guest bedroom with it's private balcony too! The backyard has large covered patio, shade/citrus trees, and so much room for your personal touches. Don't forget about the Gate Code #6969!! Homes in this community sell fast, so make this home yours now!

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
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,107
Property Tax -$175
Property Insurance -$73
HOA -$115
Property Management Fees -$99
CASH FLOW
$31

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.

$300,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.53%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$22,968

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
  • $1,720

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6754$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 2219 E Greenlee Avenue Apache Junction, AZ 1
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.66
    •  
  • 2333 E 27th Avenue Apache Junction, AZ 3
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2009
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.71
    •  
  • 2360 E 35th Avenue Apache Junction, AZ 4
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2001
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 2160 E Greenlee Avenue Apache Junction, AZ 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Mark S Gunning
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169843
Last Updated: 12/11/2020
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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