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20491 N Ancon Avenue Maricopa, AZ 85139

3 Beds 2 Baths 1,671 sqft Built 2006

$250,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $149.61
  • 2 Days on Market
  • MLS # : 6181897
  • Updated Date : 01/16/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,671 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This 3 bedroom 2 bath single story home has the perfect layout. The second you walk through the front door you are greeted with a large living area that says WELCOME HOME! From the great room to the Kitchen with a HUGE high top breakfast bar that can easily seat a family of 6 you feel the flow. The eat in kitchen has plenty of cabinets and counter space for the cook or cooks in the family. The master bedroom is split from the other rooms giving you the privacy you deserve. As a bonus, there is a perfectly situated bonus area giving the kids their own space to watch tv and play games, while the adults take over the great room. This home at this price will not last long.Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9781567

* 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
Butterfield Elementary School Primary Regular 760 33 5
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
GreatSchools Rating

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$868
Property Tax -$234
Property Insurance -$60
HOA -$76
Property Management Fees -$99
CASH FLOW
$23

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.

$250,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3254$1,3505$1,360
$1,360
RENT COMPS ANALYSIS
  • 20491 N Ancon Avenue Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.81
    •  
  • 45008 W Miramar Road Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 44326 W Caven Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 44834 W Bahia Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.80
    •  
  • 44247 W Kramer Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
PROPERTY LISTING DETAILS
Erik Geisler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181897
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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