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4741 S Desert Dawn Drive Gold Canyon, AZ 85118

3 Beds 2 Baths 1,726 sqft Built 1999

$419,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $242.76
  • 4 Days on Market
  • MLS # : 6186619
  • Updated Date : 02/05/2021 at 18:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

Highgarden Real Estate

Listing Agent's Description

Nearly $55,000 in recent upgrades and it shows!!! Check out this beautiful home in Gold Canyon with soaring ceilings and an open floor plan! You will love the fabulous interior thoughtfully laid out with cozy living spaces, 3 gorgeous bedrooms, and 2 full bathrooms. The kitchen comes with plenty of custom cabinets and high-end appliances that allows you create culinary deserts. Marvelous master suite offers enchanting master bath with walk-in closet to store your belongings. In backyard, enjoy your heated pool all year round while gazing at the incredible Superstition Mountains. The Gold Canyon subdivision boasts 5 golf courses, delightful hiking, biking, and 4 wheel'n! Enjoy the highly upgraded custom wood products cabinets in your luxurious kitchen. Book your showing today!

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
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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,455
Property Tax -$325
Property Insurance -$61
HOA -$2
Property Management Fees -$99
CASH FLOW
-$342

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.

$419,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.38%

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,493

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 4741 S Desert Dawn Drive Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 9560 E Placer Drive Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 9960 E Prospector Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 10145 E Dinosaur Ridge Road Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 10138 E Legend Trail Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2005
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Michael Hargarten
Highgarden Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186619
Last Updated: 02/05/2021
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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