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225 E Circle Mountain Road New River, AZ 85087

3 Beds 3 Baths 1,931 sqft Built 2002

$425,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $220.09
  • 1 Days on Market
  • MLS # : 6165699
  • Updated Date : 11/28/2020 at 23:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Incredible Privacy & Expansive Views. Located on the northwest side of Circle Mountain. Go up the private driveway to this one-of-a-kind updated custom home. Private well. Just over 1 Acre.Split bedroom floorplan with private owners suite w/ french doors to AZ Room, fireplace, spacious en suite bath with jetted tub & walk-in shower. Large open great room with fireplace and access to the enclosed AZ room. Large updated kitchen with french doors from the dinette leading to the front courtyard with its amazing views for miles in every direction. Fenced side yard with dog door off the dinette. The mountainside desert is your only neighbor on this private hillside home. Great outdoor entertaining space. Enjoy the starry nights from the hot tub!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sabrosa

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k382k

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

Neighborhood: Sabrosa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9841942

* 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
New River Elementary School Primary Regular 275 21 6
New River Elementary School Middle Regular 275 21 6
Boulder Creek High School High Regular 2,639 105 6

New River Elementary School

  • Education Level: Primary
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

New River Elementary School

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,568
Property Tax -$288
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$90

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,090

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
  • $2,124

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,795
$1,795
RENT COMPS ANALYSIS
  • 225 E Circle Mountain Road New River, AZ 1
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 305 W Leann Lane New River, AZ 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 1514 E Wild Field Drive New River, AZ 3
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 2019
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
PROPERTY LISTING DETAILS
Teton Wilson
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165699
Last Updated: 11/28/2020
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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