Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17181 N Moreno Place Maricopa, AZ 85138

4 Beds 2 Baths 1,553 sqft Built 2017

$283,575

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $182.60
  • 3 Days on Market
  • MLS # : 6172320
  • Updated Date : 12/19/2020 at 11:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,553 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Incredible 4 bed/2 bath single story home available on a quiet cul-de-sac lot in the heart of Maricopa. Excellent location with easy access to schools and parks and just a stones throw from shopping and restaurants. Must see interior is open and bright with a spacious great room floor plan, perfect for gathering friends and family. Stylish granite kitchen with ss appliances, a pantry and an island with breakfast bar seating. Custom two tone paint, high ceiling and soft natural light throughout. Low maintenance tile flooring in all of the right places. Bedrooms are generously sized and the master includes a walk in closet and a full en-suite. Large backyard offers a covered patio and room for pets, play, entertaining and more. See it and make it yours.

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
 

$255,218$311,933$283,575

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,046
Property Tax -$265
Property Insurance -$57
HOA -$73
Property Management Fees -$99
CASH FLOW
-$201

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.

$283,575

PROJECTED PRICE

$1,340

PROJECTED RENT

0.47%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$80,897

INVESTMENT

$80,897

Down Payment
$70,894
Rehab Estimate
$5,750
Closing Costs
$4,254

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,046

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,894
Loan Amount $212,681
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,145

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2753$1,3254$1,3405$1,450
$1,450
RENT COMPS ANALYSIS
  • 17181 N Moreno Place Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,553 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.86
    •  
  • 42490 W Mira Court Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.70
    •  
  • 40317 W Helen Court Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.75
    •  
  • 42969 W Elizabeth Avenue Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
  • 40792 W Tamara Lane Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2018
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
PROPERTY LISTING DETAILS
Angela Dansereau, Pllc
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172320
Last Updated: 12/19/2020
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.

BESbswy