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16620 N Luna Drive Maricopa, AZ 85138

5 Beds 3 Baths 2,098 sqft Built 2018

$265,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $126.31
  • 3 Days on Market
  • MLS # : 6159612
  • Updated Date : 11/13/2020 at 20:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,098 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in Maricopa, this 5 bed, 3 bath property boasts desert landscaping with a 2 car garage and much, much more! Inside you will find an open floor plan with designer paint throughout and a luxurious kitchen you're sure to love, with its ample cabinetry, walk-in pantry, granite countertops, matching stainless steel appliances, and island with breakfast bar. The stunning master bedroom boasts a spacious walk-in closet and a full bath with double sinks, as well as separate tub and shower. Finally, the expansive backyard with its lovely covered patio, has tons of potential for customizing it any way you can imagine! What are you waiting for? Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

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

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* 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
Saddleback Elementary School Primary Regular 505 24 4
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
4
GreatSchools Rating

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$978
Property Tax -$275
Property Insurance -$68
HOA -$73
Property Management Fees -$99
CASH FLOW
$37

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$20,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,448

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3754$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 16620 N Luna Drive Maricopa, AZ 1
    • 5 beds 3 baths ∙ 2,098 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,098 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 43947 W Palo Ceniza Way Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2008
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.72
    •  
  • 18105 N Cook Drive Maricopa, AZ 3
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2008
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.68
    •  
  • 17072 N Rosa Drive Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2017
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 16890 N Verde Place Maricopa, AZ 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2018
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
PROPERTY LISTING DETAILS
Cinthya Lorena Raudales
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159612
Last Updated: 11/13/2020
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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