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5380 W Corral Drive Eloy, AZ 85131

2 Beds 2 Baths 2,551 sqft Built 2006

$400,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.80
  • 7 Days on Market
  • MLS # : 6185423
  • Updated Date : 01/26/2021 at 20:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,551 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Golf course lot & close to the clubhouse! Don't miss out on this fabulous 2 bdr + den/ 2.5 bath home in 55+ Robson Ranch. The kitchen is fabulous; high-end newer SS appliances including gas cooktop, oven, w/separate warming drawer, & micro/conv oven. Upgraded cabinetry- soft close doors and pull-outs t/o. Open concept floor plan w/ plenty of window to enjoy the endless views. Large dining space in addition to island seating great for entertaining. Soak in the AZ sun and the stunning mtn & golf course views from your backyard complete w/firepit for those chilly evenings. Corner lot sides to open lot, very private. Close to clubhouse - enjoy pickle ball, golf, swimming, dining & so much more! Come see this one today- well maintained NEW AC 2018.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85131

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Zip Code: 85131

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7051567

* 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
Toltec Elementary School Primary Regular NA
Vista Grande High Regular 1,907 68 3

Toltec Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,389
Property Tax -$383
Property Insurance -$77
HOA -$35
Property Management Fees -$99
CASH FLOW
-$533

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.

$400,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.0%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$70

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $0.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,200
$1,200
RENT COMPS ANALYSIS
  • 5380 W Corral Drive Eloy, AZ 1
    • 2 beds 2 baths ∙ 2,551 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,551 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5439 N Globe Drive Eloy, AZ 2
    • 2 beds 3 baths ∙ 2,251 Sqft ∙ Built 2010 2 beds 3 baths ∙ 2,251 Sqft ∙ Built 2010
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.53
    •  
PROPERTY LISTING DETAILS
Stephanie Wyatt-francis
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185423
Last Updated: 01/26/2021
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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