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7701 E Golden Eagle Circle Gold Canyon, AZ 85118

3 Beds 4 Baths 2,997 sqft Built 2005

$579,900

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $193.49
  • 7 Days on Market
  • MLS # : 6183964
  • Updated Date : 02/03/2021 at 00:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,997 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

NEW FLOORING WILL BE IN PLACE BY 2/10. PROFESSIONAL PICTURES WILL FOLLOW. Have you ever dreamed of living in a quaint TUSCAN VILLAGE? Here is your opportunity! This spacious 3 bedroom, 3.5 bath Villa is located just across the street from the putting park and tranquil stream in Golden Eagle Village in SUPERSTITION MOUNTAIN GOLF AND COUNTRY CLUB. The Villa features a large family room with FIREPLACE that opens to the kitchen, a Media Room, a DOWNSTAIRS MASTER with ensuite bath and a 2nd bedroom with ensuite. Upstairs there is a bedroom or game room with a bath. Great outdoor living includes a charming front courtyard, back patio with BBQ and an upstairs balcony with VIEWS of the MOUNTAIN and SUNSETS. Villa has new interior paint, ceiling fans, chandelier, RO System and LED lights.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Eagle

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $122k596k

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

Neighborhood: Golden Eagle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10393437

* 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
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,014
Property Tax -$527
Property Insurance -$86
HOA -$150
Property Management Fees -$99
CASH FLOW
$294

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.

$579,900

PROJECTED PRICE

$3,170

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$55,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,907

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,170
1$3,1702$3,250
$3,250
RENT COMPS ANALYSIS
  • 7701 E Golden Eagle Circle Gold Canyon, AZ 1
    • 3 beds 4 baths ∙ 2,997 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,997 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.06
    •  
  • 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
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michael J Willemsen
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183964
Last Updated: 02/03/2021
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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