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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $214.70
- 3 Days on Market
- MLS # : 6167931
- Updated Date : 12/05/2020 at 15:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,129 sqft
- Baths : 2 full
Listing Agent
Crossroads Brokerage
Listing Agent's Description
Charming 2 bedroom, 2 bath home nestled in the sought-after community of Sunny Lane Estates. Beautiful inside and out, this updated gem features great curb appeal leading into a fluid open concept floor plan with vaulted ceilings and wood flooring throughout. Kitchen boasts granite counter tops, stainless steel appliances and a plethora of white cabinets. Master retreat includes a private en-suite with tile surround tub/shower combo. Low maintenance backyard with covered patio is ready for all of your ideas. Easy access to shopping, dining, the Superstition Freeway and so much more. Do not miss out. See it today and make it yours!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,130 |
| EXPENSES | Loan Payment | -$894 |
| Property Tax | -$130 | |
| Property Insurance | -$49 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$91
|
||
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.
$242,399
PROJECTED PRICE
$1,130
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,986
LOAN DETAILS
$894
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,600 |
| Loan Amount | $181,799 |
3.67
YEARS SAVED
$9,599
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
-
$1,185
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
640 S Stardust Lane Apache Junction, AZ 1
- 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
-
675 S Weaver Drive Apache Junction, AZ 2
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1999
LEASED 06/21/19- Rent
- Rent Per SQFT
- $1,450
- $1.06
-
11354 E Emelita Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2000
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,475
- $1.04
PROPERTY LISTING DETAILS
Crossroads Brokerage
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167931
Last Updated: 12/05/2020
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.
