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18766 N Salerno Drive Maricopa, AZ 85138

5 Beds 3 Baths 2,659 sqft Built 2021

$410,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $154.19
  • 2 Days on Market
  • MLS # : 6203465
  • Updated Date : 03/06/2021 at 06:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,659 sqft
  • Baths : 3 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

Stunning new build on a private mountain view lot!! The Cobalt is a 5 bed 3 full bath estate style single story with a private entrance CASITA option complete with built ins & opt mini fridge. A grand tray ceiling entrance opens to a breathtaking 11 ft great room where the double slider and large covered patio provide an amazing indoor/outdoor flow. The spacious kitchen features an oversized island & high end stainless Maytag gas appliance package. Modern natural wood cabinets, white quartz counters, and light grey wood plank style flooring interior finish package. All window coverings, wifi garage door opener, and full smart home system INCLUDED!! Home is currently under construction with an estimated December completion.

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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
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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,424
Property Tax -$383
Property Insurance -$79
HOA -$99
Property Management Fees -$99
CASH FLOW
-$524

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.38%

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) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,650

INVESTMENT

$110,650

Down Payment
$102,500
Rehab Estimate
$2,000
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$2,000
$2,000
RENT COMPS ANALYSIS
  • 18766 N Salerno Drive Maricopa, AZ 1
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.59
    •  
  • 38137 W Nina Street Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2019
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 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
Andrea Salgado
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203465
Last Updated: 03/06/2021
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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