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21355 N Cecil Court Maricopa, AZ 85138

4 Beds 3 Baths 2,037 sqft Built 2010

$280,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $137.46
  • 3 Days on Market
  • MLS # : 6184676
  • Updated Date : 01/22/2021 at 22:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,037 sqft
  • Baths : 2 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This Gorgeous 4 Bedroom 2.5 Bath home at the Desirable Rancho El Dorado is in a Great location. Close to Restaurants, Shopping, Schools, Fire Dept, The Duke Golf Course, and the Copper Sky Recreation that is available to this community. Your home offers a great open floor plan concept with a large kitchen that has Stainless Steel Appliances & gas range, plenty of cabinet space, and a large island for extra prep & storage. The Master Suite is on the MAIN FLOOR with a private bathroom, large walk-in closet & an additional 1/2 bathroom downstairs. The Main level also has tiled flooring everywhere except the master closet. The upstairs offers 3 bedrooms, a full bathroom, and a loft to utilize and enjoy the extra space that this home provides.

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
Santa Rosa Elementary School Primary Regular 429 22 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Santa Rosa Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 22
5
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating

Maricopa High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$973
Property Tax -$262
Property Insurance -$67
HOA -$67
Property Management Fees -$99
CASH FLOW
-$47

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.

$280,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.51%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4203$1,4504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 21355 N Cecil Court Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.70
    •  
  • 21467 N Falcon Lane Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 41910 W Frost Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 41329 W Curtis Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 40936 W Colby Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,003 Sqft ∙ Built 2008
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184676
Last Updated: 01/22/2021
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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