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418 E Fred Avenue Apache Junction, AZ 85119

3 Beds 2 Baths 1,117 sqft Built 1999

$249,900

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $223.72
  • 3 Days on Market
  • MLS # : 6172908
  • Updated Date : 12/18/2020 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,117 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Upgraded 3 bedroom 2 bath house in Apache Junction. Huge lot that is fenced and has RV Gate. No HOA. New tile floors, carpet and paint. All appliances included. Huge backyard with large storage shed and firepit.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Springs

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Palm Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Peralta Trail Elementary School Primary Regular 443 25 8
Peralta Trail Elementary School Middle Regular 443 25 8
Apache Junction High School High Regular 1,304 69 3

Peralta Trail Elementary School

  • Education Level: Primary
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Peralta Trail Elementary School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 25
8
GreatSchools Rating

Apache Junction High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$922
Property Tax -$134
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$134

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.

$249,900

PROJECTED PRICE

$1,070

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,251

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,2503$1,2764$1,3755$1,395
$1,395
RENT COMPS ANALYSIS
  • 418 E Fred Avenue Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,117 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,117 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.96
    •  
  • 1841 S Plaza Drive Apache Junction, AZ 2
    • 3 beds 2 baths ∙ 1,032 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,032 Sqft ∙ Built 1987
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.21
    •  
  • 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
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,276
    • $1.10
    •  
  • 1679 S Stetson Court Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.06
    •  
  • 1007 E Estevan Avenue Apache Junction, AZ 5
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
PROPERTY LISTING DETAILS
Rylan J Taggart
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172908
Last Updated: 12/18/2020
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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