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295 S Thunderbird Drive Apache Junction, AZ 85120

3 Beds 2 Baths 1,080 sqft Built 1959

$170,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $157.41
  • 4 Days on Market
  • MLS # : 6174480
  • Updated Date : 12/26/2020 at 12:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,080 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

3 bed 2 bath, 1080 sq/ft off of Ironwood drive in Apache Junction. New carpet, paint, AC and doors. Great area of AJ with upside potential as an investment or as a personal residence. Priced to sell!The recently installed new AC unit can be registered in new owners name and comes will 10 year parts warranty.

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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$627
Property Tax -$78
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$317

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.

$170,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.69%

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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

14.17

YEARS SAVED

$45,702

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
  • $1,188

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0923$1,2764$1,400
$1,400
RENT COMPS ANALYSIS
  • 295 S Thunderbird Drive Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 211 N Ocotillo Drive Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1971
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,092
    • $0.85
    •  
  • 1904 S Apache Drive Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1979
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,276
    • $1.10
    •  
  • 756 E Granada Avenue Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1975
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.35
    •  
PROPERTY LISTING DETAILS
Don Juvan
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174480
Last Updated: 12/26/2020
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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