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8456 S Mountain Air Lane Gold Canyon, AZ 85118

2 Beds 2 Baths 1,363 sqft Built 2003

$279,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $204.70
  • 2 Days on Market
  • MLS # : 6170591
  • Updated Date : 12/11/2020 at 18:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

MTN VIEWS! WITH VIEW FENCE BACKING TO NATURAL DESERT WASH. NICE CLEAN 2 BDRM, DEN, 2 BATHS, GREAT ROOM OPEN TO DEN...NICE LARGE OPEN EAT IN KITCHEN HAS CORIAN COUNTERS WITH TILE BACKSPLASH, NEW LAMINATE WOOD FLOORING AND NEW BASEBOARDS, ALL APPLIANCES INCLUDED, INCLUDING WASHER AND DRYER...NICE COMMUNITY HEATED COMMUNITY POOL & REC CENTER WITH GYM. (Items that do not convey are: spa, fire pit, and dog door in sliding glass door.)

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,029
Property Tax -$219
Property Insurance -$54
HOA -$95
Property Management Fees -$99
CASH FLOW
-$206

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.

$279,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    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$1,2903$1,350
$1,350
RENT COMPS ANALYSIS
  • 8456 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
    •  
    • $1,290
    • $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
Steven T Green
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170591
Last Updated: 12/11/2020
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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