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8621 W Mission Hills Drive #3 Arizona City, AZ 85123

3 Beds 2 Baths 1,444 sqft Built 1988

$215,000

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $148.89
  • 2 Days on Market
  • MLS # : 6181870
  • Updated Date : 01/17/2021 at 02:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fantastic opportunity to own this 3bed/2bath Arizona City home across the street from the golf course. This gem features great curb appeal, with RV parking, leading into the light and bright interior with vaulted ceilings, wood look plank flooring and a fluid open floorplan. Kitchen boasts stainless steel appliances and breakfast bar seating. Making it ideal for gathering with friends and family. Spacious master retreat includes private en suite with dual sinks. Incredible backyard oasis is complete with a covered patio, gorgeous landscaping, and a sparkling pool. It's the perfect spot to enjoy Arizona outdoors. Do not miss out! Schedule your private showing today.

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
 

$193,500$236,500$215,000

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$747
Property Tax -$126
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$137

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.

$215,000

PROJECTED PRICE

$890

PROJECTED RENT

0.41%

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,772

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
  • $949

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7803$8004$8955$925
$925
RENT COMPS ANALYSIS
  • 8621 W Mission Hills Drive #3 Arizona City, AZ 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8550 W Monaco Boulevard #d Arizona City, AZ 2
    • 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 3
    • 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 4
    • 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
    •  
  • 8569 W Raven Drive Arizona City, AZ 5
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.64
    •  
PROPERTY LISTING DETAILS
Torie Ellens
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181870
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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