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8320 E Masters Road Gold Canyon, AZ 85118

2 Beds 2 Baths 1,731 sqft Built 1999

$450,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $259.97
  • 7 Days on Market
  • MLS # : 6206751
  • Updated Date : 03/24/2021 at 05:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,731 sqft
  • Baths : 2 full
Listing Agent

Just Selling Az

Listing Agent's Description

Looking for the PERFECT FLOOR PLAN in Mountainbrook Village, Gold Canyon's only 55+ active adult community? Here it is... a SAGUARO floorplan on the GOLF COURSE (near #13 tee box!), spectacular SUPERSTITION MOUNTAIN VIEWS with NEW ROOF & A/C! So much to LOVE including...FRONT COURTYARD...Open floor plan w/2 Bed+Den, GREAT ROOM, New interior PAINT, VAULTED CEILINGS, STAINLESS STEEL APPLIANCES, R/O System, Big Pantry, Tons of WINDOWS for natural light, SPACIOUS master suite w/walk-in Shower, large soaking tub and dual sinks. New Water Softener, Large laundry room, 4' EXTENDED 2 CAR GARAGE w/cabinets. Mountain VIEWS FROM EVERY REAR WINDOW! Entertaining at it's best with Large EXTENDED PATIO w/ BBQ and NATURAL GAS FIRE PIT area with SEATING.

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,563
Property Tax -$352
Property Insurance -$61
HOA -$14
Property Management Fees -$99
CASH FLOW
-$449

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.

$450,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.36%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,396

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,4004$1,640
$1,640
RENT COMPS ANALYSIS
  • 8320 E Masters Road Gold Canyon, AZ 4
    • 2 beds 2 baths ∙ 1,731 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,731 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.95
    •  
  • 7192 E Texas Ebony Drive Gold Canyon, AZ 1
    • 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.72
    •  
  • 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
    •  
  • 6453 S Palo Blanco Drive Gold Canyon, AZ 3
    • 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,711 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jody Sayler
Just Selling Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206751
Last Updated: 03/24/2021
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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