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9027 E Rainier Drive Gold Canyon, AZ 85118

3 Beds 2 Baths 1,253 sqft Built 2001

$299,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $239.35
  • 5 Days on Market
  • MLS # : 6177507
  • Updated Date : 01/07/2021 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,253 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Beautiful furnished and updated 3 Bedroom, 2 bath home located in gated community of Sierra Vista . This Great Room Floor Plan features: New designer paint inside and out, New flooring, Newer AC, New Flagstone patio and so much more. You have open views of the Superstition Mountains and surrounding desert with no homes in front or back. The Gold Canyon area offers Hiking, Biking and Motor Sport trails in the amazing Superstition Mountains just minutes from your door with Lake and River activities close by for boating and fishing. Don't miss out on this home and see it today. Selected furniture and appliances will convey on a separate bill of sale.

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
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,042
Property Tax -$235
Property Insurance -$52
HOA -$60
Property Management Fees -$99
CASH FLOW
-$167

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.

$299,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.44%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,247

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,149
1$1,1492$1,2953$1,3204$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 9027 E Rainier Drive Gold Canyon, AZ 3
    • 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.05
    •  
  • 5777 S Jacaranda Road #c Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1997
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.93
    •  
  • 9560 E Placer Drive Gold Canyon, AZ 2
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1999
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 9161 E Rainier Drive Gold Canyon, AZ 4
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 2002
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.07
    •  
  • 9243 E Shasta Drive Gold Canyon, AZ 5
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2002
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Bradley M. Sikes
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177507
Last Updated: 01/07/2021
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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