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2325 S Belaire Road Apache Junction, AZ 85119

2 Beds 1 Baths 1,032 sqft Built 1979

$222,500

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $215.60
  • 2 Days on Market
  • MLS # : 6163552
  • Updated Date : 11/21/2020 at 11:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,032 sqft
  • Baths : 1 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

This cozy home in Palms Springs subdivision was just remodeled. As you pull up you will notice the freshly painted exterior (New gravel will be installed in front yard). Inside has been painted, new luxury vinyl plank flooring, quartz countertops and stainless appliances. This one is priced to sell!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Springs

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Palm Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Peralta Trail Elementary School Primary Regular 443 25 8
Peralta Trail Elementary School Middle Regular 443 25 8
Apache Junction High School High Regular 1,304 69 3

Peralta Trail Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Peralta Trail Elementary School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$200,250$244,750$222,500

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$821
Property Tax -$119
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$6

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.

$222,500

PROJECTED PRICE

$1,080

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,713

INVESTMENT

$64,713

Down Payment
$55,625
Rehab Estimate
$5,750
Closing Costs
$3,338

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$821

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,625
Loan Amount $166,875
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,911

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
  • $1,001

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7003$7494$7505$875
$875
RENT COMPS ANALYSIS
  • 2325 S Belaire Road Apache Junction, AZ 1
    • 2 beds 1 baths ∙ 1,032 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,032 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 111 S Outpost Road #1 Apache Junction, AZ 2
    • 2 beds 1 baths ∙ 731 Sqft ∙ Built 1983 2 beds 1 baths ∙ 731 Sqft ∙ Built 1983
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $700
    • $0.96
    •  
  • 458 E Quail Avenue #3 Apache Junction, AZ 3
    • 2 beds 1 baths ∙ 899 Sqft ∙ Built 1999 2 beds 1 baths ∙ 899 Sqft ∙ Built 1999
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $749
    • $0.83
    •  
  • 460 E 10th Avenue #102 Apache Junction, AZ 4
    • 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984 2 beds 1 baths ∙ 783 Sqft ∙ Built 1984
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $750
    • $0.96
    •  
  • 427 E Mesquite Avenue #4 Apache Junction, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Wyley Brown
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163552
Last Updated: 11/21/2020
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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