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1924 W Road Agent Street 
Apache Junction, AZ
85120
3 Beds 3 Baths 1,989 sqft
Built 2018
INVESTimate
$292,800
List Price
$83,342
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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $147.21
- 2 Days on Market
- MLS # : 6122400
- Updated Date : 08/25/2020 at 21:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,989 sqft
- Baths : 2 full , 1 half
Listing Agent
Long Realty Partners
Listing Agent's Description
SUPER CUTE 3 BR PLUS A LOFT HOME IN GATED COMMUNITY-VIRTUALLY BRAND NEW! VERY PRIVATE CORNER LOT GREETS YOU AT THE CURB AND THE LOW MAINTENANCE LANDSCAPING REALLY CATCHES YOUR EYE. THE CUSTOM BUILT SECURITY DOOR ALLOWS FOR SECURITY, YET ABLE TO LEAVE OPEN ON COOL DAYS. BEAUTIFUL 20'' TILE IN THE ENTIRE DOWNSTAIRS AND CHEF'S DELIGHT GOURMET KITCHEN WITH 40'' HIGHLY UPGRADED CABINETS, STAINLESS STEEL APPLIANCES, SPACIOUS BREAKFAST BAR AND TONS OF GRANITE . THE UPGRADED PILLARED RAILING LEADS YOU UPSTAIRS YOU WILL FIND A ROOMY LOFT, PERFECT FOR TV WATCHING/OFFICE/SITTING AREA. MASTER SUITE OFFERS 2 CLOSETS (1 BEING USED AS OFFICE AND WOULD BE CONVERTED BACK IF DESIRED) HIS AND HER SINKS AND HUGE WALKIN SHOWER. OUT BACK YOU FIND COVERED PATIO, ARTIFICIAL GRASS AND MTN VIEWS.
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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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,080 |
| Property Tax | -$183 | |
| Property Insurance | -$66 | |
| HOA | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$176
|
||
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.
$292,800
PROJECTED PRICE
$1,700
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,342
LOAN DETAILS
$1,080
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,200 |
| Loan Amount | $219,600 |
8.42
YEARS SAVED
$38,526
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
-
$1,711
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1924 W Road Agent Street Apache Junction, 1
- 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
660 S Lawson Drive Apache Junction, 2
- 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2006
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
11401 E Ellis Street Mesa, 3
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
11018 E Cholla Road Mesa, 4
- 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,695
- $0.81
PROPERTY LISTING DETAILS
Long Realty Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122400
Last Updated: 08/25/2020
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.
