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18430 N Primrose Drive Maricopa, AZ 85138

4 Beds 2 Baths 2,019 sqft Built 2005

$329,500

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $163.20
  • 2 Days on Market
  • MLS # : 6157659
  • Updated Date : 11/07/2020 at 09:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,019 sqft
  • Baths : 2 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

THIS IS IT! This sprawling single level bungalow in the heart of Maricopa has it all! Enjoy your BACKYARD OASIS with private pool with grotto and waterfall, jacuzzi spa, lush foliage and low maintenance landscaping on an over-sized lot surrounded by single levels and no neighbors behind! VIEW FENCING! Upgrades include tile in all the right places, soaring ceilings, fresh paint, open floor plan with formal living/dining room, entertainer's kitchen with granite counter tops and Espresso cabinetry overlooking the great room, 4 spacious bedrooms and 2 full baths! Master bedroom features large walk-in closet and en-suite bathroom with separate shower and tub! Located in one of Maricopa's premier subdivisions- Desert Cedars and just minutes away from schools, shopping and Copper Sky! A MUST SEE!

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
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
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
 

$296,550$362,450$329,500

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 -$1,216
Property Tax -$308
Property Insurance -$67
HOA -$25
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.

$329,500

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$6.0k

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$93,068

INVESTMENT

$93,068

Down Payment
$82,375
Rehab Estimate
$5,750
Closing Costs
$4,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,375
Loan Amount $247,125
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$585

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
  • $0.65

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3203$1,3504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 18430 N Primrose Drive Maricopa, AZ 2
    • 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.65
    •  
  • 42930 W Magnolia Road Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
  • 43249 W Jeremy Street Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 18671 N Madison Road Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 2007
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 45673 W Dirk Street Maricopa, AZ 5
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Danielle M. Nichols
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157659
Last Updated: 11/07/2020
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.

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