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8218 E Sonoran Way Gold Canyon, AZ 85118

3 Beds 2 Baths 1,595 sqft Built 1992

$379,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $237.62
  • 2 Days on Market
  • MLS # : 6168129
  • Updated Date : 12/05/2020 at 07:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,595 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

Located at the end of a cul-de-sac this stunning hillside location offering sweeping mountain views and privacy will take your breath away! TRUE 3-bedroom FURNISHED home awaits your arrival. Wonderful Jasmine floor plan offering soaring ceilings as you enter the home. This light bright open floor plan concept with the Sonoran Desert as your backdrop and North/ South exposure is PERFECT! The kitchen offers granite counters painted cabinetry all new light fixtures opening to the great room offering wrap-around views! The home features all plantation shutters, a split floor plan with a large primary retreat, and two other bedrooms perfect for family and friends. The backyard is adorned with two titled patios and so much more. 2 car garage with additional built-in cabinets. A MUST SEE!

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
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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,398
Property Tax -$296
Property Insurance -$58
HOA -$13
Property Management Fees -$99
CASH FLOW
-$145

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.

$379,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,437

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
  • $1,567

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,5254$1,6005$1,850
$1,850
RENT COMPS ANALYSIS
  • 8218 E Sonoran Way Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9560 E Placer Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 6424 E Hacienda La Noria Lane Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
  • 8951 E Red Mountain Lane Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1999
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 6815 E Las Animas Trail Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lisa Fonseca
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168129
Last Updated: 12/05/2020
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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