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8084 S Spur Trail Court Gold Canyon, AZ 85118

3 Beds 2 Baths 1,272 sqft Built 2002

INVESTimate

$276,500

List Price

$1,240

$1,116 - $1,364

Rent Est.

$289,523  ( +4.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $217.37
  • 7 Days on Market
  • MLS # : 6120169
  • Updated Date : 08/23/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

CONDITION - LOCATION This home is in excellent condition and is ''move in ready''! You'll enjoy the numerous upgrades in the kitchen, bedrooms, and laundry room, as well as the nicely landscaped backyard. The home is on a very short cul de sac with fantastic Superstition Mountain views from the kitchen and front yard. You will notice the pride of ownership in the overall condition of this home, inside and out. Call or schedule an appointment because this one will certainly go fast!

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
 

$248,850$304,150$276,500

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,020
Property Tax -$216
Property Insurance -$52
HOA -$55
Property Management Fees -$99
CASH FLOW
-$202

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.

$276,500

PROJECTED PRICE

$1,240

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.71%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,023

INVESTMENT

$79,023

Down Payment
$69,125
Rehab Estimate
$5,750
Closing Costs
$4,148

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,020

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,125
Loan Amount $207,375
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,285

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3003$1,3504$1,4755$1,600
$1,600
RENT COMPS ANALYSIS
  • 8084 S Spur Trail Court Gold Canyon, 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.97
    •  
  • 10735 E Second Water Trail Gold Canyon, 2
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 9866 E Stone Circle Lane Gold Canyon, 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2001
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 9161 E Rainier Drive Gold Canyon, 4
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2002
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.07
    •  
  • 8951 E Red Mountain Lane Gold Canyon, 5
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1999
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
PROPERTY LISTING DETAILS
Samuel Roberts
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120169
Last Updated: 08/23/2020
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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