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8401 W Monaco Boulevard Arizona City, AZ 85123

3 Beds 2 Baths 1,907 sqft Built 1984

$209,000

List Price

$900

$810 - $990

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $109.60
  • 7 Days on Market
  • MLS # : 6158060
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,907 sqft
  • Baths : 2 full
Listing Agent

Tj Chase Realty Group, Inc

Listing Agent's Description

Home sits on a large corner lot. Fully fenced back yard with RV Gate. Has a lower level that used to be a RV garage but has been converted to a bonus room / game room / 4th bedroom. Woodburning fireplace for those cool winter nights. Master bath has a whirlpool bathtub. Workshop area in garage. Shed with electricity.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85123

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85123

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
Toltec Middle School Primary Regular 428 29 3
Toltec Middle School Middle Regular 428 29 3
Vista Grande High Regular 1,907 68 3

Toltec Middle School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Toltec Middle School

  • Education Level: Middle
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$810$990$900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $900
EXPENSES Loan Payment -$771
Property Tax -$123
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$157

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.

$209,000

PROJECTED PRICE

$900

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,606

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $900

    LIST RENT
  • $0.47

    LIST RENT PER SQFT
  • $801

    COMP ESTIMATED VALUE
  • $0.42

    COMP AVG. RENT PER SQFT
Comps Range
$849
1$8492$900
$900
RENT COMPS ANALYSIS
  • 8401 W Monaco Boulevard Arizona City, AZ 2
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.47
    •  
  • 13295 S Durango Road #4 Arizona City, AZ 1
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $849
    • $0.42
    •  
PROPERTY LISTING DETAILS
Tom Chase
Tj Chase Realty Group, Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158060
Last Updated: 11/13/2020
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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