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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $123.42
- 5 Days on Market
- MLS # : 6195255
- Updated Date : 02/20/2021 at 15:07
CONSTRUCTION
- Beds : 5
- Floor Size : 3,241 sqft
- Baths : 3 full , 1 half
Listing Agent
Arizona Best Real Estate
Listing Agent's Description
This is it! Space GALORE and beautifully private with a park on one side and seldom home neighbor on the other. Upgraded custom kitchen and breakfast bar with granite counters and stainless floating island. Pre-wired for surround in living room and outdoor speakers. Master suite is downstairs with massive walk in closet. Very spacious secondary bedrooms with walk in closets. Enjoy very low energy bills as solar will be PAID OFF at close! Check out the attached floorplan and come see this beauty! Welcome Home!
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$374 | |
| Property Insurance | -$90 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$510
|
||
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.
$400,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
0.25
YEARS SAVED
$123
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,556
COMP ESTIMATED VALUE -
$0.48
COMP AVG. RENT PER SQFT
Comps Range
-
19053 N Wilson Street Maricopa, AZ 1
- 5 beds 4 baths ∙ 3,241 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,241 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18429 N Stonegate Road Maricopa, AZ 2
- 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2006
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,495
- $0.47
-
20259 N Ryans Trail Maricopa, AZ 3
- 5 beds 3 baths ∙ 3,218 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,218 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.47
-
43386 W Wild Horse Trail Maricopa, AZ 4
- 5 beds 3 baths ∙ 3,252 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,252 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,550
- $0.48
-
41960 W Palmyra Court Maricopa, AZ 5
- 4 beds 3 baths ∙ 3,272 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,272 Sqft ∙ Built 2008
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.50
PROPERTY LISTING DETAILS
Arizona Best Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195255
Last Updated: 02/20/2021
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.
