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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $185.70
- 8 Days on Market
- MLS # : 6191086
- Updated Date : 02/11/2021 at 16:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,804 sqft
- Baths : 2 full , 1 half
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Looking for a newer, HIGHLY UPGRADED Fulton but don't have time to wait? This 2018 Fulton is ready to go. It's just across the road from a fishing pond, ball fields, tennis... The home features tile flooring throughout, upgraded cabinets throughout, double thick granite countertops with an oversized island, a gourmet kitchen, a reverse osmosis system, a gas stove, upgraded surround sound, security system, double wide glass patio door, gas stub for barbecue, pavers in the front and back, extended patio, master bathroom upgrade with THREE HEAD SHOWER SPA, large laundry room, with sink hook up, whole house water softener system, a finished garage prepped for a man cave, (wired for a surround sound, insulated and air conditioned)... SO MANY UPGRADES!!! This home truly is a MUST SEE!
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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 | $1,300 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$313 | |
| Property Insurance | -$62 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$430
|
||
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.
$335,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.39%
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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
0.25
YEARS SAVED
$96
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,358
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
19067 N Jameson Drive Maricopa, AZ 2
- 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,300
- $0.72
-
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
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,275
- $0.75
-
40219 W Mary Lou Drive Maricopa, AZ 3
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,400
- $0.73
-
19166 N Lariat Road Maricopa, AZ 4
- 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,475
- $0.77
-
40880 W Jenna Lane Maricopa, AZ 5
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,600
- $0.76
PROPERTY LISTING DETAILS
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191086
Last Updated: 02/11/2021
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.
