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2917 W Roundup Street Apache Junction, AZ 85120

2 Beds 1 Baths 640 sqft Built 1962

$184,900

List Price

$790

$711 - $869

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $288.91
  • 2 Days on Market
  • MLS # : 6157764
  • Updated Date : 11/07/2020 at 13:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 640 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Your clients will enjoy this completely remodeled home. This home is very spacious for its size. Everything fits perfectly. The kitchen is amazing with new kitchen cabinets, kitchen island, granite countertops and stainless steel appliances which opens up the living room. The bathroom has tiled shower and new vanity and looks incredible. This home has new roof, new AC, new windows, new 200 amp electric panel. All of this on a super sized lot with RV parking and plenty of room for whatever else you need. This home is adorable and has so much to offer. Come by and see this home today!

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
 

$166,410$203,390$184,900

PURCHASE PRICE

$711$869$790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $790
EXPENSES Loan Payment -$682
Property Tax -$99
Property Insurance -$40
Property Management Fees -$99
CASH FLOW
-$130

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.

$184,900

PROJECTED PRICE

$790

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$682

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,021

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
  • $662

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8483$865
$865
RENT COMPS ANALYSIS
  • 2917 W Roundup Street Apache Junction, AZ 1
    • 2 beds 1 baths ∙ 640 Sqft ∙ Built 1962 2 beds 1 baths ∙ 640 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2618 W 5th Avenue #b Apache Junction, AZ 2
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956 2 beds 1 baths ∙ 800 Sqft ∙ Built 1956
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $848
    • $1.06
    •  
  • 153 N Ocotillo Drive #10 Apache Junction, AZ 3
    • 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $865
    • $1.01
    •  
PROPERTY LISTING DETAILS
Angela Larson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157764
Last Updated: 11/07/2020
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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