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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
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
-
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
Homesmart Success
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175762
Last Updated: 01/01/2021
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.
