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18461 N Ravello Road Maricopa, AZ 85138

4 Beds 3 Baths 2,768 sqft Built 2015

$305,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $110.19
  • 3 Days on Market
  • MLS # : 6198761
  • Updated Date : 02/26/2021 at 16:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,768 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Welcome home! This beautifully maintained house has all the right features and upgrades! You will love the home's curb appeal. Its open floor plan boasts 4 bedrooms and 3 full bathrooms, plus a spacious loft! One bedroom and bathroom are located on the bottom floor, with split bedrooms upstairs. This home has been upgraded in all the right places: gas stove, granite countertops, SS appliances, natural 2 toned paint colors, upgraded faux wood flooring, R/O system, water softener and NEWLY landscaped grass and desert backyard for your outdoor entertaining. An absolute 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
Santa Cruz Elementary School Primary Regular 453 21 5
Desert Wind Middle School Middle Regular 414 20 4

Santa Cruz Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 21
5
GreatSchools Rating

Desert Wind Middle School

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

$274,500$335,500$305,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,059
Property Tax -$305
Property Insurance -$81
HOA -$99
Property Management Fees -$99
CASH FLOW
-$13

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.

$305,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.53%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,6303$2,000
$2,000
RENT COMPS ANALYSIS
  • 18461 N Ravello Road Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.59
    •  
  • 18299 N Alicia Court Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.55
    •  
  • 37514 W Frascati Avenue Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2007
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
PROPERTY LISTING DETAILS
Lorana Ellard
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198761
Last Updated: 02/26/2021
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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