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6303 S Sandtrap Drive Gold Canyon, AZ 85118

3 Beds 2 Baths 2,668 sqft Built 1998

$615,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $230.51
  • 2 Days on Market
  • MLS # : 6170172
  • Updated Date : 12/12/2020 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,668 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

OUTSTANDING PROPERTY ON PREMIUM LOT WITH BREATHTAKING SUPERSTITION MTN VIEWS! IF YOU LIKE TO ENTERTAIN, WITH THE SUPERSTITION'S AS YOUR BACK-DROP THEN LOOK NO FURTHER!! A PROFESSIONAL DESIGNER PLANNED AND DESIGNED THIS HOME! PRIVATE HEATED POOL & SPA & NEW POOL PUMP, OUTDOOR KITCHEN AREA WITH BAR, & KIVA FP! EXTENDED TRAVERTINE TILED PATIO WITH SECURITY ROLLER DOOR THAT COVERS IT ALL! ARTIFICIAL GRASS TOO! FRONT COURTYARD IS TILED & IS BEAUTIFUL! HUGE EXTENDED LENGTH AND WIDTH 3 CAR GARAGE WITH EPOXY FLOOR, BLT IN CABINETS, PULL DOWN STORAGE., SOFT WATER. SLAB GRANITE COUNTERS, CENTER ISLAND, STAINLESS APPLIANCES TOP OF THE LINE CABINETRY T/O! FIREPLACE IN FAMILY ROOM, KIVA FP OUTSIDE! HIGH CEILINGS, SPLIT BEDROOMS! GORGEOUS DESIGNER MASTER SUITE & DESIGNER MASTER BATH ALL TILED!

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,269
Property Tax -$481
Property Insurance -$79
HOA -$7
Property Management Fees -$99
CASH FLOW
-$85

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.

$615,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.46%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$33,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,375

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,8503$3,750
$3,750
RENT COMPS ANALYSIS
  • 6303 S Sandtrap Drive Gold Canyon, AZ 2
    • 3 beds 3 baths ∙ 2,668 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,668 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.07
    •  
  • 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
    •  
  • 7731 E Golden Eagle Circle Gold Canyon, AZ 3
    • 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
Lori Blank
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170172
Last Updated: 12/12/2020
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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