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5048 S Nighthawk Drive Gold Canyon, AZ 85118

2 Beds 3 Baths 2,151 sqft Built 1996

$589,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $273.83
  • 5 Days on Market
  • MLS # : 6177531
  • Updated Date : 01/06/2021 at 20:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,151 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

AMAZING MOUNTAIN VIEWS! In HIDDEN CANYON... Backing to a Natural Wash...Extended Refinished Patio Surface, Heated HOT TUB to Enjoy the Beautiful MTN VIEWS...LOVELY CURB Appeal with Newer Refinished Front Patio Surface and some Newer Landscaping, Front & Back Yard Watering System Updated 2018... Acacia Model- 2 bdrms, Den, 2.5 baths, 2 Car EXTENDED Garage with Cabinets & Newer Water Heater 2018...NEWER Plank Tile FLOORS throughout ENTIRE Home..Bathrooms Partially Updated Including Beautiful GRANITE Counters...NEWER Ext Paint in 2015...NEWER GRANITE in Kitchen with Breakfast Bar and Maple Cabinets...All bedrooms are large, Master & Front bedrooms have Bay Windows, 3rd Room has place to add closet...Some Furnishings Included.

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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,046
Property Tax -$461
Property Insurance -$69
HOA -$14
Property Management Fees -$99
CASH FLOW
-$238

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.

$589,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.42%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$15,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,947

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$3,000
$3,000
RENT COMPS ANALYSIS
  • 5048 S Nighthawk Drive Gold Canyon, AZ 1
    • 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.14
    •  
  • 3078 S Primrose Court Gold Canyon, AZ 2
    • 2 beds 2 baths ∙ 2,189 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,189 Sqft ∙ Built 2007
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.37
    •  
PROPERTY LISTING DETAILS
Ronelle Wheeler
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177531
Last Updated: 01/06/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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