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

17819 N Miller Way Maricopa, AZ 85139

4 Beds 2 Baths 1,606 sqft Built 2019

INVESTimate

$279,990

List Price

$1,280

$1,152 - $1,408

Rent Est.

$300,429  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $174.34
  • 3 Days on Market
  • MLS # : 6122063
  • Updated Date : 08/24/2020 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

K. Hovnanian Great Western Homes, Llc

Listing Agent's Description

Beautiful former model home for sale! This home is 1,598 sqft and has 4 bed, 2 bath, and an open concept floor plan. Featuring finished backyard, stainless steel appliances, custom interior paint, wood style tile flooring and much more. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

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

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9781567

* 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
Maricopa Elementary School Primary Regular 732 39 4
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Maricopa Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 39
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
 

$251,991$307,989$279,990

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,033
Property Tax -$203
Property Insurance -$59
HOA -$76
Property Management Fees -$99
CASH FLOW
-$190

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$279,990

PROJECTED PRICE

$1,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,197

INVESTMENT

$76,197

Down Payment
$69,998
Rehab Estimate
$2,000
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,362

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
  • $0.8

    LIST RENT PER SQFT
  • $1,337

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,3504$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 17819 N Miller Way Maricopa, 1
    • 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,606 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.80
    •  
  • 45306 W Zion Road Maricopa, 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 45981 W Sky Lane Maricopa, 3
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 45324 W Norris Road Maricopa, 4
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 45487 W Rainbow Drive Maricopa, 5
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Chad Fuller
K. Hovnanian Great Western Homes, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122063
Last Updated: 08/24/2020
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