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7409 E Cliff Rose Trail Gold Canyon, AZ 85118

3 Beds 4 Baths 3,427 sqft Built 2004

$610,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $178.00
  • 5 Days on Market
  • MLS # : 6176794
  • Updated Date : 01/07/2021 at 19:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,427 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

GORGEOUS TOLL BROTHERS HOME BACKING TO WASH & CLIFFSIDE! WATER FEATURE WITH SMALL BRIDGE LEADING TO SEATING AREA & OUTDOOR FIREPLACE! ENTER PRIVATE COURTYARD THRU GATED ENTRY, & ENTER THIS FABULOUS HOME WITH INTERIOR GAS FIREPLACE AND LOADED WITH TRAVERTINE TILE! BRAND NEW GOURMET KITCHEN WITH STAGGERED CABINETRY, GLASS ACCENT DOORS, SLAB GRANITE BREAKFAST BAR AND CENTER ISLAND ALL SO FABULOUS! BUTLERS PANTRY RIGHT OFF KITCHEN/GREATROOM WITH CUSTOM BUILT INS! HUGE MASTER SUITE WITH HIS/HERS CLOSETS, BIG MASTER BATH HIS/HERS VANITIES & MORE! GUEST SUITE ENTER FROM HUGE GAME ROOM & ALSO FRONT COURTYARD! 3 CAR GARAGE TOO! ALL APPLIANCES INCLUDING MINI FRIG. FURNISHED! EXCLUDED ITEMS LISTED IN DOCUMENTS! FABULOUS HOME WILL GO FAST! TRAVERTINE FLOORS AND NEW CARPETING! GET IT NOW!

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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
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,119
Property Tax -$550
Property Insurance -$94
HOA -$16
Property Management Fees -$99
CASH FLOW
$242

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.

$610,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.51%

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$0.0$5.0k$10k$15k$20k$25k$30k

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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$54,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,718

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$3,120
1$3,1202$3,2503$4,200
$4,200
RENT COMPS ANALYSIS
  • 7409 E Cliff Rose Trail Gold Canyon, AZ 1
    • 3 beds 4 baths ∙ 3,427 Sqft ∙ Built 2004 3 beds 4 baths ∙ 3,427 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $0.91
    •  
  • 2565 S Sycamore Village Drive Gold Canyon, AZ 2
    • 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,345 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.97
    •  
  • 7436 E Golden Eagle Circle Gold Canyon, AZ 3
    • 3 beds 3 baths ∙ 3,487 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,487 Sqft ∙ Built 1999
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.20
    •  
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 #: 6176794
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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