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18432 N Comet Trail Maricopa, AZ 85138

4 Beds 3 Baths 2,425 sqft Built 2007

INVESTimate

$235,000

List Price

$1,350

$1,215 - $1,485

Rent Est.

$251,521  ( +7.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $96.91
  • 5 Days on Market
  • MLS # : 6121486
  • Updated Date : 08/22/2020 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,425 sqft
  • Baths : 3 full
Listing Agent

Monarch Real Estate

Listing Agent's Description

Enter this lovely Pulte home with formal living room/dining room at entry, then enter the kitchen that boasts cherry wood crown trimmed cabinetry, granite counters, black appliances with huge wall pantry cabinet with informal dining area that overlooks another family room. Full bathroom with bedroom downstairs! Laundry off garage entry. Washer/Dryer & Refrigerator convey! Up the stairs to the open & spacious loft with surround sound. #2 & #3 bedrooms have walk in closets. Then another full bath separates the Master bedroom that has large roman tub! Sep potty rm, double sinks and huge walk in closet. Low maintenance back yard with faux grass that has brick trim and framed out with rock. Covered patio and walk to the park! This home is original owner! Make it yours today!

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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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$867
Property Tax -$237
Property Insurance -$74
HOA -$68
Property Management Fees -$99
CASH FLOW
$5

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.

$235,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.03%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,456

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,479

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 18432 N Comet Trail Maricopa, 1
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.56
    •  
  • 43290 W Blazen Trail Maricopa, 2
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2006
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.58
    •  
  • 43489 W Maricopa Avenue Maricopa, 3
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.56
    •  
  • 19505 N Ventana Lane Maricopa, 4
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 18849 N Leland Road Maricopa, 5
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
PROPERTY LISTING DETAILS
Kimberly A Cochran
Monarch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121486
Last Updated: 08/22/2020
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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