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7573 E Palo Brea Drive Gold Canyon, AZ 85118

2 Beds 2 Baths 1,356 sqft Built 2001

$400,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $294.99
  • 2 Days on Market
  • MLS # : 6212219
  • Updated Date : 03/27/2021 at 05:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,356 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW! This FULLY FURNISHED home has been BEAUTIFULLY UPDATED and shows like a model! This home boasts an ENTERTAINER'S BACKYARD with EXTENDED PAVER PATIO, FIREPIT, FOUNTAIN, ROLL-DOWN SUN SHADES and WATER FOUNTAIN! Inside you'll find an OPEN & SPLIT FLOORPLAN, NEWER CARPET (2020) and 18'' Travertine-look TILE, LARGE KITCHEN (with lots of countertop and cabinet space), GRANITE, tile backsplash & STAINLESS appliances. Oversized WALK-IN SHOWER, double sinks and extra linen storage round out the Owner's Suite. Laundry Room is currently an office so....pick Garage or Utility Room for Laundry...it's set up for either! ***Located in Gold Canyon's highly sought after, and only, active adult (55+) community with AMENITIES including pools, spa, fitness, pickleball & more.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,389
Property Tax -$313
Property Insurance -$54
HOA -$14
Property Management Fees -$99
CASH FLOW
-$488

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.

$400,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.35%

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,139

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$845
1$8452$1,3503$1,380
$1,380
RENT COMPS ANALYSIS
  • 7573 E Palo Brea Drive Gold Canyon, AZ 3
    • 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,356 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.02
    •  
  • 6116 S Borego Road Gold Canyon, AZ 1
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $845
    • $0.80
    •  
  • 8753 E Sandtrap Court Gold Canyon, AZ 2
    • 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
PROPERTY LISTING DETAILS
Robin R. Rotella
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212219
Last Updated: 03/27/2021
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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