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8431 W Altos Drive Arizona City, AZ 85123

4 Beds 2 Baths 1,401 sqft Built 2007

$217,000

List Price

$910

$819 - $1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $154.89
  • 3 Days on Market
  • MLS # : 6202987
  • Updated Date : 03/05/2021 at 18:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,401 sqft
  • Baths : 2 full
Listing Agent

Hawkins & Associates Realty, Inc.

Listing Agent's Description

DELIGHTFUL 4 BEDROOM HOME!! Hard to find 4 BR home with lots of extras. In front you have an extended driveway for RV parking w/RV gate, great desert landscaped front yard and an attractive entryway. Great room, traffic & wet areas have tile flooring, kitchen boasts a large eat in dining area plus refrigerator conveys. Split BR floorplan, ceiling fans and tasteful 2 tone paint throughout. Both baths have tile surround on the bath tubs. Utility area is located in the hallway by the bedrooms with upgraded washer & dryer that also convey. Outside you have a huge extended covered patio, low maintenance desert landscaped back yard, sunscreens and solar for energy savings, tile roof and overall just extra nice. This homes shows pride off ownership and won't last long. NO HOA!!!

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 Elementary School Primary Regular NA
Vista Grande High Regular 1,907 68 3

Toltec Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Vista Grande

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

$195,300$238,700$217,000

PURCHASE PRICE

$819$1,001$910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $910
EXPENSES Loan Payment -$754
Property Tax -$127
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$125

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.

$217,000

PROJECTED PRICE

$910

PROJECTED RENT

0.42%

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-$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$63,255

INVESTMENT

$63,255

Down Payment
$54,250
Rehab Estimate
$5,750
Closing Costs
$3,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,250
Loan Amount $162,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $910

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $929

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$780
1$7802$8003$8954$910
$910
RENT COMPS ANALYSIS
  • 8431 W Altos Drive Arizona City, AZ 4
    • 4 beds 2 baths ∙ 1,401 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,401 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $910
    • $0.65
    •  
  • 8550 W Monaco Boulevard #d Arizona City, AZ 1
    • 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 2005
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $780
    • $0.69
    •  
  • 15914 S Yava Road Arizona City, AZ 2
    • 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.65
    •  
  • 9072 W Oneida Drive Arizona City, AZ 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.65
    •  
PROPERTY LISTING DETAILS
Nancy Hawkins
Hawkins & Associates Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202987
Last Updated: 03/05/2021
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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