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8048 E Greythorn Drive Gold Canyon, AZ 85118

3 Beds 3 Baths 3,630 sqft Built 2005

$1,125,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $309.92
  • 45 Days on Market
  • MLS # : 6165265
  • Updated Date : 01/07/2021 at 22:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,630 sqft
  • Baths : 3 full
Listing Agent

Thomas Popa & Associates Llc

Listing Agent's Description

Price Reduction!! EXQUISITE residence, fully furnished (minus excluded items), w/mountain, golf & city lights views--a TRIFECTA in coveted Greythorn Village, closest enclave to the Superstition Range. A Lyle Anderson community, gated w/private streets, 36-holes Nicklaus-designed golf, a fully amenitized country club in Gold Canyon, Arizona's best kept secret. Upgraded t/o, professionally decorated at the end of a quiet cul de sac. Expanded floor plan overlooking a golf park of 3 fairways. Granite counters t/o, wood & stone floors, upgraded light & bath fixtures, wood casement windows. Eight foot solid core Alder doors. Kitchen island, breakfast bar, Viking appliances, custom cabinets, Subzero wine cabinet. Upstairs oversized guest 3rd bedroom retreat w/Murphy bed in a media room set up.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greythorn

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $109k860k

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

Neighborhood: Greythorn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10183454

* 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
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$3,908
Property Tax -$939
Property Insurance -$98
HOA -$76
Property Management Fees -$99
CASH FLOW
-$1,419

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,125,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,908

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,939

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2503$4,200
$4,200
RENT COMPS ANALYSIS
  • 8048 E Greythorn Drive Gold Canyon, AZ 1
    • 3 beds 3 baths ∙ 3,630 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,630 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
Thomas Popa
Thomas Popa & Associates Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165265
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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