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8557 E Aloe Drive #86 Gold Canyon, AZ 85118

3 Beds 3 Baths 2,345 sqft Built 1992

$459,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $196.12
  • 6 Days on Market
  • MLS # : 6191700
  • Updated Date : 02/10/2021 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,345 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Well kept home nestled in Mountain Brook Village a highly sought-after St. Andrew floor plan awaits your arrival. Large open floor plan concept with cathedral ceilings. The great room features the famous wall of windows! Large primary suite with bay windows perfect for a seating area. Beautiful large master suite with dual sinks, new 36'' high cabinetry, large walk-in closet, shower and a private commode room. The backyard has lush landscaping with all natural views with no adjacent neighbors.

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
Cactus Canyon Junior High School Middle Regular 780 40 4
Apache Junction High School High Regular 1,304 69 3

Cactus Canyon Junior High School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 40
4
GreatSchools Rating

Apache Junction High School

  • Education Level: High
  • # of students: 1,304
  • # of teachers: 69
3
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,597
Property Tax -$360
Property Insurance -$73
HOA -$7
Property Management Fees -$99
CASH FLOW
-$56

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.

$459,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.45%

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,337

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,395
$2,395
RENT COMPS ANALYSIS
  • 8557 E Aloe Drive #86 Gold Canyon, AZ 1
    • 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,345 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4247 S Cordia Court Gold Canyon, AZ 2
    • 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
    •  
  • 9440 E Mogollon Trail Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1994
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
  • 4324 S Primrose Drive Gold Canyon, AZ 4
    • 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
Daryl R Snow
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191700
Last Updated: 02/10/2021
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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