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9049 E Brittle Bush Road Gold Canyon, AZ 85118

3 Beds 2 Baths 2,353 sqft Built 1993

$589,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $250.32
  • 4 Days on Market
  • MLS # : 6189671
  • Updated Date : 02/05/2021 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,353 sqft
  • Baths : 2 full
Listing Agent

Lori Blank & Associates, Llc

Listing Agent's Description

GORGEOUS HOME ON GOLF COURSE! PREMIUM VIEW LOT, TURN KEY! ON THE 18TH HOLE OF SIDEWINDER GOLF COURSE! GORGEOUS 18'' TILE FLOORING THROUGHOUT WITH NEWER CARPETING IN BEDROOMS! STAINLESS APPLIANCES BRAND NEW STAINLESS OVEN, BOSCH DISHWASHER NEW RERIGERATOR! GRANITE COUNTERS & CENTER ISLAND, NEW HVAC SYSTEM AND ROOF NEW IN 2009 WITH UPGRADED UNDERLAYMENT! FURNISHED HOME WITH UPSCALE FURNISHINGS! FEW EXCLISONS! UPGRADED BATHS WITH GRANITE COUNTERS! IT IS LEASED FROM 2/1/2021 THRU 4/30/2021 BUYERS WILL GET THE $3000 MONTHLY RENT AND CAN TAKE POSSESSION ON 5/1/2021 YOU WILL LOVE THIS ACACIA MODEL WITH SOARING CEILINGS OPEN FLOOR PLAN W FIREPLACE, WALL OF WINDOWS BRINGING OUTSIDE INSIDE! STEEL VIEW FENCED BACK YARD WITH PRIVATE GOLF COURSE ENTRANCE! LIMITED SHOWINGS & TIMES. MASKS REQUIRED!

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
 

$530,100$647,900$589,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$2,046
Property Tax -$461
Property Insurance -$73
HOA -$14
Property Management Fees -$99
CASH FLOW
-$562

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.

$589,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.36%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,345

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,3004$2,395
$2,395
RENT COMPS ANALYSIS
  • 9049 E Brittle Bush Road Gold Canyon, AZ 1
    • 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.91
    •  
  • 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
Lori Blank
Lori Blank & Associates, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189671
Last Updated: 02/05/2021
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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