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7533 S Woodchute Drive Gold Canyon, AZ 85118

3 Beds 3 Baths 2,119 sqft Built 2019

$429,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $202.45
  • 2 Days on Market
  • MLS # : 6174968
  • Updated Date : 01/09/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,119 sqft
  • Baths : 3 full
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

Better than new, gently lived in, highly desirable Gehan Homes Coral model with over $55K in builder upgrades! Open/spacious floor plan offering 3 bedrooms, 3 bathrooms, large great room with sliding wall of glass leading to extended covered patio, additional 13 x 11 ''flex room'' for office/den/dining/etc., and a 3 car split garage. Beautifully finished with 10 foot ceilings; 8 foot doors; amazing kitchen with enhanced kitchen island, quartz countertops, tile backsplash, blown glass pendant lights, and stainless steel appliances (including gas cooktop with canopy hood); brushed nickel plumbing fixtures; ceiling fans; front entry iron security door; and more! Ideal location with scenic views, hiking/nature trails, mountain bike trails, and additional outdoor recreation just minutes away!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85118

ZipNIR 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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,490
Property Tax -$336
Property Insurance -$68
HOA -$76
Property Management Fees -$99
CASH FLOW
-$169

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.

$429,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6953$1,7004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 7533 S Woodchute Drive Gold Canyon, AZ 4
    • 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 10145 E Dinosaur Ridge Road Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 10260 E Agua Vista Way Gold Canyon, AZ 2
    • 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
    •  
  • 10300 E Trailhead Court Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 2001
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 12919 E Massai Point Gold Canyon, AZ 5
    • 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 2019
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Paul B Fictum
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174968
Last Updated: 01/09/2021
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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