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8322 E Apache Plumb Drive Gold Canyon, AZ 85118

3 Beds 2 Baths 1,994 sqft Built 2002

$450,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $225.68
  • 3 Days on Market
  • MLS # : 6156925
  • Updated Date : 11/06/2020 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,994 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

WOW! Quality, well maintained, UPDATED Morrison built home with 3 CAR GARAGE and one of the BEST, MOUNTAIN VIEW LOTS in SUPERSTITION FOOTHILLS! You'll love the $25k GUEST BATH REMODEL with custom shower and...LARGE OPEN KITCHEN with upgraded cabinetry, GORGEOUS GRANITE, center island & STAINLESS APPLIANCES! Don't miss the COZY FIREPLACE inside plus IMPRESSIVE, FULLY LANDSCAPED BACKYARD with PAVERS, firepit, built in seating, HOT TUB and large side yard with multiple seating areas too! Check out the IMMACULATE GARAGES with epoxy, extra cabinets, shelves and AC in large garage too! Located in SUPERSTITION FOOTHILLS, a sought after neighborhood with HEATED COMMUNITY POOL/SPA, walking trails and CLOSE TO SHOPPING, DINING, COFFEE, PET FRIENDLY PARK, HIKING, GOLF AND MORE! ***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
 

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

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,660
Property Tax -$352
Property Insurance -$66
HOA -$16
Property Management Fees -$99
CASH FLOW
-$104

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

$2,090

PROJECTED RENT

0.46%

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-$5.0k$0.0$5.0k$10k$15k

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,8503$2,0904$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 8322 E Apache Plumb Drive Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.05
    •  
  • 6593 E Casa De Leon Lane Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1998
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 6815 E Las Animas Trail Gold Canyon, AZ 2
    • 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
    •  
  • 4247 S Cordia Court Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,218 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 4324 S Primrose Drive Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Robin R. Rotella
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156925
Last Updated: 11/06/2020
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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