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16983 N Avelino Drive Maricopa, AZ 85138

4 Beds 3 Baths 2,133 sqft Built 2017

$289,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.91
  • 3 Days on Market
  • MLS # : 6190506
  • Updated Date : 02/06/2021 at 20:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,133 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

WELCOME HOME!!! Take a look at this 2017 Amazing two-story property in desirable Maricopa! You will absolutely love the desert front yard, stone accents on the facade, and a 2 car garage plus slab. The welcoming interior boasts a large living area, cozy family room, neutral paint, and big windows that bring in so much natural light. Enjoy preparing your meal in this spotless kitchen that provides SS appliances, granite countertops, ample cabinetry, a walk-in pantry, and an island with sink and breakfast bar. Inside the master bedroom, you will find a walk-in closet and a bathroom with private toilet room & step-in shower. The OVERSIZED Backyard includes a covered patio and has a great potential for customization. Home is bright and light! Make this gem yours 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
Santa Cruz Elementary School Primary Regular 453 21 5
Desert Wind Middle School Middle Regular 414 20 4

Santa Cruz Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 21
5
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,007
Property Tax -$271
Property Insurance -$69
HOA -$75
Property Management Fees -$99
CASH FLOW
-$241

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.

$289,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.44%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,3754$1,4495$1,475
$1,475
RENT COMPS ANALYSIS
  • 16983 N Avelino Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.60
    •  
  • 36575 W Nina Street Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 37024 W Bello Lane Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.68
    •  
  • 37081 W Amalfi Avenue Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.65
    •  
  • 36794 W Mediterranean Way Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.64
    •  
PROPERTY LISTING DETAILS
Cristina Gil
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190506
Last Updated: 02/06/2021
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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