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8448 S Mountain Air Lane Gold Canyon, AZ 85118

2 Beds 2 Baths 1,363 sqft Built 2003

$319,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $234.70
  • 2 Days on Market
  • MLS # : 6174308
  • Updated Date : 12/26/2020 at 13:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

GATED UPGRADED/UPDATED FURNISHED 2 BEDROOM PLUS DEN, 2 BATH HOME W/ SUPERSTITION MOUNTAIN VIEWS & ACCESS TO PERALTA POOL. 2020 HOT TUB, 2020WASHER/DRYER, 2020 BEDROOM/CLOSET TILE (ALL FLOORING NOW TILE), 2019 HVAC SYSTEM (18 SEER), 2018 H20 WHOLE HOUSE WATER SYSTEM, 2017 GRANITECOUNTER TOPS, 2017 STAINLESS APPLIANCES, 2016 SIDE PAVERS, PORCH ROOF & RAIN GUTTERS, 2015 WATER HEATER, GARAGE EPOXY FLOOR & GARAGE CABINETS.MASTER SUITE BOASTS BAY WINDOW & CUSTOM WALK-IN SHOWER. CUSTOMIZED KITCHEN FEATURES TABLE HEIGHT GRANITE BREAKFAST BAR, STAINLESS APPLIANCES &PULL-OUT SHELVING. BACKYARD PRESENTS PAVER PATIO, EASY CARE TURF, VIEW FENCING BACKING HUGE NATURAL WASH & SUPERSTITION MTN VIEWS. ACCESS TOPERALTA TRAILS POOL & EXERCISE FACILITY. FURNITURE CONVEYS VIA SEP CONTRACT FOR $1.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85118

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85118

ZipNIR 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,180
Property Tax -$250
Property Insurance -$54
HOA -$55
Property Management Fees -$99
CASH FLOW
-$338

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.

$319,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,145

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$845
1$8452$1,3003$1,350
$1,350
RENT COMPS ANALYSIS
  • 8448 S Mountain Air Lane Gold Canyon, AZ 2
    • 2 beds 2 baths ∙ 1,363 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,363 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 6116 S Borego Road Gold Canyon, AZ 1
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1997
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $845
    • $0.80
    •  
  • 8753 E Sandtrap Court Gold Canyon, AZ 3
    • 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jill Mcfadden
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174308
Last Updated: 12/26/2020
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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