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257 S Happy Trail Road Apache Junction, AZ 85119

4 Beds 3 Baths 3,173 sqft Built 1998

$699,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $220.30
  • 4 Days on Market
  • MLS # : 6195605
  • Updated Date : 02/19/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,173 sqft
  • Baths : 3 full
Listing Agent

Just Selling Az

Listing Agent's Description

CUSTOM SANTA FE TERRITORIAL built in 1998 sits on 1.24 acres & has SPECTACULAR VIEWS OF THE SUPERSTITIONS MTS! This 4 bedroom,3 bath home offers a SPLIT FLOOR PLAN,soaring ceilings with beautiful wood beams, GREATROOM,gas fireplace, HICKORY & CHERRY floors, freshly painted,PRIVATE OFFICE with CUSTOM BUILT IN BOOK CASES & plenty of storage. OVERSIZE KITHCEN with Alder Cablinets & doors, Stainless Steel VIKING Appliances,Large ISLAND with SLAB GRANITE Counter.NEW EXTERIOR PAINT 2020, NEW A/C in family room 2020, Marvin LOW E-2 casment window & R32 Wall insulation. WRAP AROUND ARIZONA ROOM adjacent to the Great room is perfect for home gardner! OVERSIZED 3 car garage with workbench & plenty of room to park your RV and BOAT...BRING ALL YOUR TOYS! Also, enjoy the ROOF TOP DECK with 360 VIEWS.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85119

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k285k

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

Zip Code: 85119

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $9001567

* 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
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,428
Property Tax -$478
Property Insurance -$89
Property Management Fees -$99
CASH FLOW
-$653

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.

$699,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,679

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
  • $3,078

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,250
$3,250
RENT COMPS ANALYSIS
  • 257 S Happy Trail Road Apache Junction, AZ 1
    • 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2565 S Sycamore Village Drive Gold Canyon, AZ 2
    • 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Paul K Jannusch
Just Selling Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195605
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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