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17594 N Rosa Drive Maricopa, AZ 85138

3 Beds 2 Baths 1,788 sqft Built 2019

$300,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $167.79
  • 4 Days on Market
  • MLS # : 6209012
  • Updated Date : 03/20/2021 at 18:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran

Listing Agent's Description

Stop searching! Beautiful single-level home is now available in desirable Maricopa! The home itself is just impressive! Offering easy-care landscaping & a 2 car garage. Welcoming interior features a good-sized living area, a cozy family room, a nice den fit for an office, roomy bedrooms w/ carpet, neutral paint throughout, & lots of natural light ideal for interior plants. Bright kitchen is equipped with SS appliances, granite countertops, ample cabinetry, recessed lighting, & an island w/ breakfast bar. The main bedroom boasts a generous walk-in closet and a full bathroom w/ separate tub, his/her sink, private toilet room, & step-in shower. The lovely backyard w/ a covered patio, firepit, & multiple seating areas is the perfect place for relaxing after a hard day's work! Hurry & call now!

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 Wells Middle School Middle Regular 514 20 3

Saddleback Elementary School

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

Maricopa Wells Middle School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 20
3
GreatSchools Rating
 

$270,000$330,000$300,000

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 -$1,042
Property Tax -$280
Property Insurance -$62
HOA -$75
Property Management Fees -$99
CASH FLOW
-$278

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.

$300,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.43%

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-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,342

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
  • $0.72

    LIST RENT PER SQFT
  • $1,278

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,2804$1,3255$1,450
$1,450
RENT COMPS ANALYSIS
  • 17594 N Rosa Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.72
    •  
  • 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
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.70
    •  
  • 18848 N Leland Road Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.69
    •  
  • 42969 W Elizabeth Avenue Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
  • 42150 W Ramona Street Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2006
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
PROPERTY LISTING DETAILS
Christopher N Holton
Keller Williams Realty Sonoran
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209012
Last Updated: 03/20/2021
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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