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5725 E 32nd Avenue Apache Junction, AZ 85119

3 Beds 3 Baths 1,882 sqft Built 2005

$450,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $239.11
  • 5 Days on Market
  • MLS # : 6152330
  • Updated Date : 10/30/2020 at 02:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Absolutely the most fantastic view of Superstition mountain! State trust land across the street for hiking or horseback riding! 1.25 acres! Upgraded kitchen cabinets w/soft close & pull out drawers, stainless appliances. Keep your toys cool in this oversized 32x36 central air conditioned garage. 15x33 workshop. RV pad with electric/septic. Covered parking in yard with septic hookup as well. Owner suite has dual bathrooms, large closet/dressing area. Den/office can be closed off to provide bedroom #3, attached to bath (possible 2nd master suite). Huge laundry w/sink, room for extra refrigerator & freezer. Water/electric stations in yard. Block fenced with expensive custom wrought iron dual RV gates. There's plenty of room to add a pool or horse set up. Buyer to verify all info/sf.More info

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85119

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k285k

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

Zip Code: 85119

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $9001567

* 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
Desert Vista Elementary School Primary Regular 697 34 4
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

Desert Vista Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 34
4
GreatSchools Rating

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,660
Property Tax -$307
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$361

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,7703$1,8504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 5725 E 32nd Avenue Apache Junction, AZ 2
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
  • 6424 E Hacienda La Noria Lane Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 6815 E Las Animas Trail Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 5121 E 18th Avenue Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2001
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 4247 S Cordia Court Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Patty Jo Diamond
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152330
Last Updated: 10/30/2020
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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