Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2718 W Roundup Street Apache Junction, AZ 85120

3 Beds 2 Baths 1,200 sqft Built 1988

$250,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $208.33
  • 1 Days on Market
  • MLS # : 6182124
  • Updated Date : 01/16/2021 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

A charming 3 bed, 2 bath property located in Apache Junction is now on the market! This home boasts a cozy covered front patio and an elegant interior with formal dining/living areas, as well as gorgeous vaulted ceilings. The kitchen is perfect for honing your cooking skills, offering ample cabinetry and beautiful white stone countertops. The wonderful master bedroom features its own private bath and a spacious closet. This oversized lot has TONS of potential for customizing it any way you can imagine. This is sure to be the home you've been looking for! Don't wait any longer and schedule a showing before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* 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
Four Peaks Elementary School Primary Regular 686 37 6
Four Peaks Elementary School Middle Regular 686 37 6
Apache Junction High School High Regular 1,304 69 3

Four Peaks Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Four Peaks Elementary School

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 37
6
GreatSchools Rating

Apache Junction High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$868
Property Tax -$134
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$52

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.

$250,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.44%

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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,082

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,100

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,242

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3993$1,5004$1,5505$1,630
$1,630
RENT COMPS ANALYSIS
  • 2718 W Roundup Street Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 2101 W Tufa Street Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.99
    •  
  • 513 N Adelle -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1997
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 162 S 110th Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 11502 E Crescent Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1983
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.06
    •  
PROPERTY LISTING DETAILS
Douglas Hopkins
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182124
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy