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7012 E Hacienda La Colorada Drive Gold Canyon, AZ 85118

4 Beds 2 Baths 1,925 sqft Built 2000

$420,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $218.18
  • 2 Days on Market
  • MLS # : 6160734
  • Updated Date : 11/14/2020 at 15:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,925 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

GORGEOUS HOME IN SUPERSTITION FOOTHILLS! BACKS TO WASH & OFFERS FABULOUS VIEW OF SUPERSTITION MOUNTAIN! WALK TO COMMUNITY HEATED POOL & SPA & PARK OR BUILD YOUR OWN ION THIS PREMIUM POOL SIZED LOT WITH FIREPIT, WATER FEATURE AND BEAUTIFUL LANDSCAPING, BUILT IN BBQ & BAR TOO! INSIDE YOU WILL FIND HIGH END RAISED PANEL CABINETRY, CORIAN COUNTERS AND BAR! EXTENSIVE PLANTATION SHUTTERS, NEW CARPETING, NEW WATER SOFTENER 2019, NEW WATER HEATER 2015. BIG 3 CAR GARAGE,WITH WORK BENCH AND MORE! MOST HIGH END FURNITURE & FURNISHINGS ARE INCLUDED EXCEPTIONS WILL BE PROVIDED TO BUYERS ALONG ;WITH REPLACEMENTS (SEE DOCUMENT TAB) BIG BEAUTIFUL MASTER SUITE WITH DUAL SINKS, SEPARATE SHOWER & TUB WITH BIG WALK-IN CLOSET! AWESOME PROPERTY! READY NOW!

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,550
Property Tax -$328
Property Insurance -$65
HOA -$16
Property Management Fees -$99
CASH FLOW
-$228

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.

$420,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,438

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
  • $1,776

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,5254$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 7012 E Hacienda La Colorada Drive Gold Canyon, AZ 1
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6593 E Casa De Leon Lane Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 6424 E Hacienda La Noria Lane Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 6815 E Las Animas Trail Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 4247 S Cordia Court Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
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 #: 6160734
Last Updated: 11/14/2020
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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