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4615 S Louie Lamour Drive Gold Canyon, AZ 85118

2 Beds 2 Baths 1,536 sqft Built 1998

$409,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $266.28
  • 3 Days on Market
  • MLS # : 6172838
  • Updated Date : 12/18/2020 at 20:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

Enjoy spectacular sunsets and views of the Superstition Mountain range while entertaining guests from your large, private designer back yard. Back yard is an extension of the home with built-in BBQ grill, beverage Fridge, bar, with seating, firepit with seating and pool with waterfall feature. Updated home with 2 bedrooms plus den/office and 2 car garage. Updated kitchen with granite counters, refaced cabinets, RO and newer appliances. Cement floor throughout home with tile in master bath and carpet in guest bedroom. Remodeled master bath with tile shower and quartz counter. Guest bath has Mexican tile counter and sink. New Anderson dual pane picture windows at front and back of home. Newer water heater and softener. High efficiency Trane AC 2014. Back yard fully private with block

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gold Canyon

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Gold Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10391981

* 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
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,509
Property Tax -$320
Property Insurance -$57
HOA -$2
Property Management Fees -$99
CASH FLOW
-$357

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.

$409,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,630
$1,630
RENT COMPS ANALYSIS
  • 4615 S Louie Lamour Drive Gold Canyon, AZ 3
    • 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.06
    •  
  • 8753 E Sandtrap Court Gold Canyon, AZ 1
    • 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 6219 S Avenida La Manana -- Gold Canyon, AZ 2
    • 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,199 Sqft ∙ Built 1983
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Catharine Longman
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172838
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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