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3679 S Conestoga Road Apache Junction, AZ 85119

3 Beds 2 Baths 1,567 sqft Built 2000

$295,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $188.26
  • 2 Days on Market
  • MLS # : 6203531
  • Updated Date : 03/06/2021 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! 1 story, 4 bedroom, 2 bath floor plan with a 2-car garage. Leased solar panels, PAID IN FULL until 2032. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. The kitchen features warm-tone stained cabinets, tile counter tops, and white appliances featuring a NEW dishwasher. Fireplace in the Living room! The backyard features a covered patio, brick paver patio, and a hot tub.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

* 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
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,025
Property Tax -$172
Property Insurance -$58
HOA -$51
Property Management Fees -$99
CASH FLOW
-$24

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.

$295,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.47%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$15,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,512

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,347
1$1,3472$1,3803$1,3954$1,3955$1,549
$1,549
RENT COMPS ANALYSIS
  • 3679 S Conestoga Road Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.88
    •  
  • 3295 S Conestoga Road Apache Junction, AZ 1
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2001
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,347
    • $0.83
    •  
  • 2232 E Greenlee Avenue Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2007
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 3451 S Bowman Road Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2003
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.01
    •  
  • 3331 S Chaparral Road Apache Junction, AZ 5
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.96
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203531
Last Updated: 03/06/2021
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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