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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $256.58
- 1 Days on Market
- MLS # : 6170884
- Updated Date : 12/12/2020 at 19:03
CONSTRUCTION
- Beds : 2
- Floor Size : 896 sqft
- Baths : 1 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT! Fresh and Beautiful, 2 bedroom, 1 bath, one-story home!! GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Open Floorplan, kitchen features light and bright cabinets, laminate counter tops, and a full stainless appliance package. A fresh coat of Interior AND Exterior paint. NEW Flooring Throughout: Luxury Vinyl Plank flooring throughout, Carpet in the bedrooms. Spacious backyard with NEW landscape rock. Don't miss this one!!
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PRICE & RENT TRENDS
Neighborhood: Palm Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $890 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$123 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$225
|
||
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.
$229,900
PROJECTED PRICE
$890
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.3% |
| 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
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
1.5
YEARS SAVED
$2,026
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$963
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2265 S Belaire Road Apache Junction, AZ 1
- 2 beds 1 baths ∙ 896 Sqft ∙ Built 1983 2 beds 1 baths ∙ 896 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $0
- $0.00
-
507 E 10th Avenue #10 Apache Junction, AZ 2
- 2 beds 2 baths ∙ 844 Sqft ∙ Built 2003 2 beds 2 baths ∙ 844 Sqft ∙ Built 2003
LEASED 06/14/19- Rent
- Rent Per SQFT
- $849
- $1.01
-
427 E Mesquite Avenue #4 Apache Junction, AZ 3
- 2 beds 1 baths ∙ 775 Sqft ∙ Built 1981 2 beds 1 baths ∙ 775 Sqft ∙ Built 1981
LEASED 06/29/20- Rent
- Rent Per SQFT
- $875
- $1.13
-
445 E Navajo Avenue #3 Apache Junction, AZ 4
- 2 beds 1 baths ∙ 808 Sqft ∙ Built 1983 2 beds 1 baths ∙ 808 Sqft ∙ Built 1983
LEASED 12/12/20- Rent
- Rent Per SQFT
- $875
- $1.08
-
1495 E 29th Avenue #1 Apache Junction, AZ 5
- 2 beds 1 baths ∙ 829 Sqft ∙ Built 1985 2 beds 1 baths ∙ 829 Sqft ∙ Built 1985
LEASED 12/09/20- Rent
- Rent Per SQFT
- $899
- $1.08
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170884
Last Updated: 12/12/2020
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.
