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7506 E Wildcat Drive Gold Canyon, AZ 85118

3 Beds 2 Baths 2,086 sqft Built 1999

$560,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $268.46
  • 4 Days on Market
  • MLS # : 6154490
  • Updated Date : 10/31/2020 at 09:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,086 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

The VIEWS from this home will take your breath away! Stunning home completely remodeled from top to bottom awaits your arrival! The front courtyard with brick pavers offers ample space adding to the curb appeal of this AMAZING home. As you enter the home you are greeted with a LARGE open light bright floor plan with all new wood planked tiled flooring. The kitchen offers amazing space with all new appliances, all quartz countertops, tiled backsplash, rolled out shelving on lower-level cabinetry, and a large center island. The greatrm with custom glass shelving built-ins, finely appointed lighting, stacked tiled offsetting the fireplace/entertainment area. 10-foot ceilings allow the view to becoming part of the interior scenery. This is a true 3-bedroom home, and the primary suite offers

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
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,066
Property Tax -$438
Property Insurance -$68
HOA -$13
Property Management Fees -$99
CASH FLOW
-$374

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.

$560,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,2003$2,3004$2,3105$2,395
$2,395
RENT COMPS ANALYSIS
  • 7506 E Wildcat Drive Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.11
    •  
  • 6815 E Las Animas Trail Gold Canyon, AZ 1
    • 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 2
    • 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
    •  
  • 9440 E Mogollon Trail Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 4324 S Primrose Drive Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lisa Fonseca
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154490
Last Updated: 10/31/2020
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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