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18320 N Betty Court Maricopa, AZ 85138

4 Beds 3 Baths 2,045 sqft Built 2007

$245,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $119.80
  • 3 Days on Market
  • MLS # : 6175762
  • Updated Date : 01/01/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,045 sqft
  • Baths : 3 full
Listing Agent

Homesmart Success

Listing Agent's Description

Remodeled and immaculate home ready for immediate move-in, with NEW exterior paint and NEW carpet throughout. The kitchen features lots of maple cabinets, stainless appliances, island with breakfast bar, and granite counters. There is a downstairs bedroom and full bath, perfect for guests or next-gen living, and upstairs has a loft and 3 more bedrooms. Each room is complete with 2-inch blinds and ceiling fans. The backyard is a blank slate that awaits your landscape dreams. Located on a cul-de-sac lot with a greenbelt and playground just a few feet away. This fantastic neighborhood also includes a large community pool for those hot summers. See this incredible home today before it's gone!

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
Maricopa High School High Regular 1,796 70 3

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

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$904
Property Tax -$229
Property Insurance -$67
HOA -$99
Property Management Fees -$99
CASH FLOW
$132

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.

$245,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.62%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$29,178

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,4004$1,5305$1,600
$1,600
RENT COMPS ANALYSIS
  • 18320 N Betty Court Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.75
    •  
  • 40300 W Peggy Court Maricopa, AZ 1
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.69
    •  
  • 40300 W Molly Lane Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 40219 W Mary Lou Drive Maricopa, AZ 3
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 40880 W Jenna Lane Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
PROPERTY LISTING DETAILS
David Morgan
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175762
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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