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597 W 5th Avenue 
Apache Junction, AZ
85120
2 Beds 2 Baths 1,192 sqft
Built 1981
INVESTimate
$179,900
List Price
$53,424
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $150.92
- 2 Days on Market
- MLS # : 6119786
- Updated Date : 08/24/2020 at 20:12
CONSTRUCTION
- Beds : 2
- Floor Size : 1,192 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Charming 2 bedroom, 2 bathroom home on a large lot in Apache Junction! This home has so much potential and is priced to sell for the new owner to make any desired updates! This home is located in a wonderful neighborhood and showcases views of the Superstition Mountains! Throughout the home there is neutral tile flooring and carpet. Your formal living room features a brick fireplace that will keep you warm on the cooler evenings. Your eat-in kitchen has ample cabinet space and a raised breakfast bar! Each of the bedrooms are spacious and have plenty of closet space. Your large backyard will allow you endless possibilities to add your personal touch! Your new home is conveniently located close to shopping, schools, parks and freeway access. Don't miss out on the
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PRICE & RENT TRENDS
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,160 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$96 | |
| Property Insurance | -$50 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$152
|
||
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.
$179,900
PROJECTED PRICE
$1,160
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
9.5
YEARS SAVED
$27,748
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,243
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
597 W 5th Avenue Apache Junction, 5
- 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,160
- $0.97
-
153 N Ocotillo Drive #10 Apache Junction, 1
- 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970 2 beds 2 baths ∙ 860 Sqft ∙ Built 1970
LEASED 12/30/19- Rent
- Rent Per SQFT
- $865
- $1.01
-
512 N Valley Drive #1 Apache Junction, 2
- 2 beds 1 baths ∙ 850 Sqft ∙ Built 1963 2 beds 1 baths ∙ 850 Sqft ∙ Built 1963
LEASED 02/27/20- Rent
- Rent Per SQFT
- $925
- $1.09
-
181 N Winchester Road Apache Junction, 3
- 2 beds 1 baths ∙ 1,012 Sqft ∙ Built 1965 2 beds 1 baths ∙ 1,012 Sqft ∙ Built 1965
LEASED 10/11/19- Rent
- Rent Per SQFT
- $1,100
- $1.09
-
1924 W 13th Avenue Apache Junction, 4
- 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,174 Sqft ∙ Built 1982
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,150
- $0.98
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119786
Last Updated: 08/24/2020
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.
