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932 E Mohave Lane Apache Junction, AZ 85119

4 Beds 2 Baths 1,610 sqft Built 1998

$319,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $198.45
  • 4 Days on Market
  • MLS # : 6182805
  • Updated Date : 01/22/2021 at 02:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing opportunity to live in a great neighborhood! This property offers beautiful curb appeal, 2 car garage, and low maintenance front yard. The breathtaking interior is an entertainer's dream! Perfectly flowing open floor w/vaulted ceilings, wood plank tile t/o main areas, and abundant natural light are some features worth mentioning. Understated elegance & subtle modernity seamlessly mix in this refined white kitchen! Equipped with high-end appliances, shaker cabinets, tile backsplash, Quartz counters, and island w/breakfast bar. Impeccable master suite has carpet, walk-in closet, and a full bathroom with marble tile. 4th bedroom with french doors is perfect for an office. Backyard with covered patio & extended slab is ideal for relaxing. What are you waiting for? Call today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Junction

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Apache Junction

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$287,550$351,450$319,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,110
Property Tax -$181
Property Insurance -$59
HOA -$11
Property Management Fees -$99
CASH FLOW
-$39

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.

$319,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,418

INVESTMENT

$90,418

Down Payment
$79,875
Rehab Estimate
$5,750
Closing Costs
$4,793

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,110

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,875
Loan Amount $239,625
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4504$1,5005$1,549
$1,549
RENT COMPS ANALYSIS
  • 932 E Mohave Lane Apache Junction, AZ 2
    • 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.88
    •  
  • 1050 E Santa Cruz Lane Apache Junction, AZ 1
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 1032 E Santa Cruz Lane Apache Junction, AZ 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1999
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 899 E Pima Avenue Apache Junction, AZ 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 3331 S Chaparral Road Apache Junction, AZ 5
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2003
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.96
    •  
PROPERTY LISTING DETAILS
Donna Walkosz
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182805
Last Updated: 01/22/2021
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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