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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $212.32
- 3 Days on Market
- MLS # : 6184538
- Updated Date : 01/23/2021 at 17:12
CONSTRUCTION
- Beds : 2
- Floor Size : 1,055 sqft
- Baths : 2 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
Beautiful home in the very desirable Broadway San Marcos subdivision. This home has all the right touches just for you. Notice the Plantation Shutters and 4.5'' baseboards throughout They are a very nice addition to this 2 bedroom, 2 bath home. Enjoy the convenient ''eat in'' kitchen with Bay Window and Kitchen Island. Notice the beautiful Granite Countertops as well as the Stainless Steel Appliances. There is a Large Master Bedroom with walk in closet. 2nd bedroom is in split floor plan, nice for guests. 2 Car Garage has storage areas. You will find a reverse osmosis and well as a soft water system. There is a Mature Easily maintained Landscape and a Backyard Storage Shed. GATED COMMUNITY!!, which offers Recreation/Work out Center, Pool, Spa, dog park and walking paths. MUST SEE!
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PRICE & RENT TRENDS
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apache Junction
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,060 |
| EXPENSES | Loan Payment | -$778 |
| Property Tax | -$132 | |
| Property Insurance | -$48 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$76
|
||
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.
$224,000
PROJECTED PRICE
$1,060
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,110
LOAN DETAILS
$778
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,000 |
| Loan Amount | $168,000 |
3.58
YEARS SAVED
$6,972
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,048
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
900 W Broadway Avenue #15 Apache Junction, AZ 1
- 2 beds 2 baths ∙ 1,055 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,055 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $0
- $0.00
-
505 E 9th Avenue #1 Apache Junction, AZ 2
- 2 beds 1 baths ∙ 900 Sqft ∙ Built 2020 2 beds 1 baths ∙ 900 Sqft ∙ Built 2020
LEASED 12/01/20- Rent
- Rent Per SQFT
- $995
- $1.11
-
1440 N Idaho Road #1019 Apache Junction, AZ 3
- 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 1989
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,200
- $0.86
-
1804 S Descanso Road Apache Junction, AZ 4
- 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2019
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,375
- $1.01
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184538
Last Updated: 01/23/2021
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.
