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17884 N Kari Lane Maricopa, AZ 85139

5 Beds 5 Baths 3,601 sqft Built 2006

$430,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.41
  • 3 Days on Market
  • MLS # : 6187331
  • Updated Date : 01/29/2021 at 19:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,601 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

THIS MARICOPA MEADOWS FAMILY HOME HAS IT ALL!. 5 bedrooms, 4.5 bathrooms, including a downstairs bedroom/bath, 4 CAR GARAGE with epoxy floor, HUGE Great Room, plus living/dining combo being used as a party room, Beautiful kitchen with stainless steel and granite., HUGE UPSTAIRS LOFT, upstairs Master has a private sitting room/nursery and a large walkout balcony with views! 3 more upstairs bedrooms and 2 more baths, including 1 ensuite. The home back to a greenbelt. The spacious covered patio has a built in BBQ area looks out to your resort OASIS backyard. HEATED & COOLED POOL is surrounded by desert landscaping. A gas fire pit completes your custom retreat. Your time is now! Schedule a showing now before it is gone. Some furnishings available for sale on separate invoice.

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 Wells Middle School Middle Regular 514 20 3

Maricopa Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 39
4
GreatSchools Rating

Maricopa Wells Middle School

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

$387,000$473,000$430,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,494
Property Tax -$402
Property Insurance -$97
HOA -$23
Property Management Fees -$99
CASH FLOW
-$525

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.

$430,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.44

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.45

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,5954$1,6005$1,699
$1,699
RENT COMPS ANALYSIS
  • 17884 N Kari Lane Maricopa, AZ 2
    • 5 beds 5 baths ∙ 3,601 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,601 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.44
    •  
  • 45383 W Rhea Road Maricopa, AZ 1
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.47
    •  
  • 44261 W Windrose Drive Maricopa, AZ 3
    • 4 beds 3 baths ∙ 3,527 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,527 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.45
    •  
  • 44000 W Mescal Street Maricopa, AZ 4
    • 4 beds 3 baths ∙ 3,528 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,528 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.45
    •  
  • 43316 W Kimberly Street Maricopa, AZ 5
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.44
    •  
PROPERTY LISTING DETAILS
Bruce Pulford
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187331
Last Updated: 01/29/2021
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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