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18136 N Arbor Drive Maricopa, AZ 85138

3 Beds 3 Baths 2,359 sqft Built 2006

$329,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $139.47
  • 3 Days on Market
  • MLS # : 6202991
  • Updated Date : 03/06/2021 at 02:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

The PERFECT 2 STORY! Master-bedroom on the main floor with walk out privileges to the back patio, as well as an additional 1/2 bath for company! Large Open Living room connects to dining and a LUXURY KITCHEN with a BIG granite island, seating for family time and entertaining. Full scale back yard views! A BUTLER KITCHEN, leads to an additional family or dining area. Upstairs follow the beautiful bannister to 2 big bedrooms, a loft family living area, office or study area, 2nd bath, and a large laundry room to keep the clutter away! This back yard was designed for privacy with a slight tilt from the 1 and only neighbor! Beautiful trees in the parkway give the shade and beauty without the water and pruning bills! Walk to Walmart or the Community Pool (just blocks away!) There's more..

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
Desert Wind Middle School Middle Regular 414 20 4

Saddleback Elementary School

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

Desert Wind Middle School

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

$296,100$361,900$329,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,143
Property Tax -$307
Property Insurance -$73
HOA -$92
Property Management Fees -$99
CASH FLOW
-$394

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.

$329,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.40%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3203$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 18136 N Arbor Drive Maricopa, AZ 2
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.56
    •  
  • 18931 N Toya Street Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.54
    •  
  • 41201 W Laramie Road Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 18096 N Arbor Drive Maricopa, AZ 4
    • 3 beds 3 baths ∙ 2,123 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,123 Sqft ∙ Built 2006
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 18849 N Leland Road Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
PROPERTY LISTING DETAILS
Mary Johnson
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202991
Last Updated: 03/06/2021
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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