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6737 S Solado Place Gold Canyon, AZ 85118

4 Beds 2 Baths 1,804 sqft Built 1997

$414,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $229.99
  • 3 Days on Market
  • MLS # : 6188186
  • Updated Date : 02/05/2021 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Beautifully updated 4 bedroom, 2 bath Gold Canyon home on a large, very private, cul-de-sac lot in the desirable Hermosa Hills community. Located just minutes away from award-winning golf, the I-60 highway and the Superstition Mountains! This home features a gourmet kitchen, huge great-room for entertaining, separate dining room, large 3-car garage, 9' ceilings, 2-way fireplace, tons of storage and 2x6 construction. Updates include wood-look tile flooring, upgraded carpeting, new interior/ exterior paint, updated bathrooms, upscale quartz counters throughout, new switches, outlets, interior/ exterior LED lighting, plumbing fixtures, ceiling fans and a completely updated kitchen with huge kitchen island, new cabinets, walk-in pantry, stainless appliances,

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
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

Cactus Canyon Junior High School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
4
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$373,410$456,390$414,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,441
Property Tax -$325
Property Insurance -$62
HOA -$0
Property Management Fees -$99
CASH FLOW
-$377

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.

$414,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,5504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6737 S Solado Place Gold Canyon, AZ 3
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 9866 E Stone Circle Lane Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 9960 E Prospector Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6717 S Hohokam Way Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1995
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 10260 E Agua Vista Way Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2014
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
PROPERTY LISTING DETAILS
Cynthia I Omura
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188186
Last Updated: 02/05/2021
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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