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6497 S Ginty Drive Gold Canyon, AZ 85118

2 Beds 2 Baths 1,673 sqft Built 2000

$339,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $203.17
  • 3 Days on Market
  • MLS # : 6169939
  • Updated Date : 12/12/2020 at 17:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW! Enjoy GOLF and MOUNTAIN VIEWS from this ***FURNISHED*** home on the 16th hole of the MOUNTAINBROOK VILLAGE GOLF COURSE (at the 16th Green)! Conveniently FULLY FURNISHED with decor and household items all included too. Relax on your LARGE, EXPANDED PAVER PATIO with GREAT VIEWS of GOLF COURSE & SUPERSTITION MOUNTAINS! ***VERY POPULAR SAGUARO FLOOR PLAN with tons of natural light, WALK-IN PANTRY, breakfast bar & separate den with double doors! Gorgeous sightline of the golf course & mountain from the many large windows in this home. LARGE OWNER'S SUITE with double sink vanity, DEEP SOAKING TUB, separate shower and WALK-IN CLOSET too! ***Located in Gold Canyon's highly sought after, largest active adult (55+) Community with AMENITIES including pools, spa, fitness, pickleball & much mor

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,254
Property Tax -$311
Property Insurance -$60
HOA -$13
Property Management Fees -$99
CASH FLOW
-$197

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.

$339,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.45%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,350

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,4004$1,540
$1,540
RENT COMPS ANALYSIS
  • 6497 S Ginty Drive Gold Canyon, AZ 4
    • 2 beds 2 baths ∙ 1,673 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,673 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.92
    •  
  • 7192 E Texas Ebony Drive Gold Canyon, AZ 1
    • 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 8753 E Sandtrap Court Gold Canyon, AZ 2
    • 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 6453 S Palo Blanco Drive Gold Canyon, AZ 3
    • 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
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 #: 6169939
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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