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18615 N Celis Street Maricopa, AZ 85138

3 Beds 2 Baths 1,878 sqft Built 2008

$269,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $143.72
  • 2 Days on Market
  • MLS # : 6187680
  • Updated Date : 01/30/2021 at 18:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,878 sqft
  • Baths : 2 full
Listing Agent

Homesmart Success

Listing Agent's Description

This beautiful 3 bedroom + den home in Desert Passage is immaculate and loaded with too many upgrades to list: travertine tile floors, NEW carpet, gas fireplace, NEW interior paint and NEW exterior paint, plantation shutters on every window, water softener, and so much more. The gorgeous kitchen boasts granite counters, tiled backsplash, double wall ovens, electric cook top, and cherry cabinets with crown molding. You'll find the bathrooms just as luxurious with matching granite counters and vessel sinks. Finally, the perfectly sized backyard includes a screened-in patio and Ramada, perfect for enjoying your morning coffee and relaxing afternoons. The home sits on a premium corner lot with just one neighbor (a 1-story home) right next to the community pool. Schedule a showing today!

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

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$937
Property Tax -$252
Property Insurance -$64
HOA -$102
Property Management Fees -$99
CASH FLOW
-$144

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.

$269,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.49%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,347

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2953$1,3004$1,3105$1,400
$1,400
RENT COMPS ANALYSIS
  • 18615 N Celis Street Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.70
    •  
  • 40317 W Helen Court Maricopa, AZ 1
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.75
    •  
  • 40300 W Peggy Court Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.69
    •  
  • 40300 W Molly Lane Maricopa, AZ 3
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 40219 W Mary Lou Drive Maricopa, AZ 5
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
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 #: 6187680
Last Updated: 01/30/2021
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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