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5730 S Desert Ocotillo Drive Gold Canyon, AZ 85118

3 Beds 3 Baths 2,622 sqft Built 2000

$619,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $236.42
  • 2 Days on Market
  • MLS # : 6181933
  • Updated Date : 01/22/2021 at 23:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,622 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW! ***Fully Furnished*** GORGEOUS, UPDATED home, with GUEST CASITA on PREMIUM ***Water View*** GOLF COURSE lot with ****SUPERSTITION MOUNTAIN VIEWS TOO! This TURN KEY home is a RARE FIND...Over 2,600 SQ FT, OPEN FLOOR PLAN, 2BR + Casita + DEN ***UPDATED MASTER BATH with WALK-IN SHOWER & jetted soaking tub, BIG, OPEN, BEAUTIFUL KITCHEN with island & GIANT WALK-IN PANTRY plus large laundry room too! $35k in pergola, BBQ and IMPRESSIVE PAVERS recently added IN LARGE GATED COURTYARD and EXTRA LARGE BACK PATIO! Located in Gold Canyon's highly sought after, largest active adult (55+) community with AMENITIES including pools, spa, fitness, pickleball &more.

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
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,153
Property Tax -$485
Property Insurance -$78
HOA -$14
Property Management Fees -$99
CASH FLOW
-$139

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.

$619,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.43%

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$23,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,120

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,6904$3,750
$3,750
RENT COMPS ANALYSIS
  • 5730 S Desert Ocotillo Drive Gold Canyon, AZ 3
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.03
    •  
  • 9440 E Mogollon Trail Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 4324 S Primrose Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
  • 7731 E Golden Eagle Circle Gold Canyon, AZ 4
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2002
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.57
    •  
PROPERTY LISTING DETAILS
Robin R. Rotella
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181933
Last Updated: 01/22/2021
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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