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21823 N Gibson Drive Maricopa, AZ 85139

5 Beds 3 Baths 3,346 sqft Built 2005

$420,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.52
  • 3 Days on Market
  • MLS # : 6205204
  • Updated Date : 03/12/2021 at 23:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,346 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Big family home on a premium oversized lot siding and backing a greenbelt offers 5 bedrooms + den & 2.5 baths in 3346 SqFt. Lots of room to spread out with formal living/dining, separate family room, and separate den/flex room. The kitchen features light-colored cabinetry with built-in desk, gas cooktop, double wall ovens, built-in microwave, pantry, and island with breakfast bar & pendant lighting. French doors lead out to an awesome backyard (1/3 acre!) where you'll enjoy the heated pool with spillover spa, a putting green, covered patio with gas ceiling heater, additional paver patio, and lots of room for kids & pets to play. Bedrooms are upstairs. The master retreat has double door entry, sitting room perfect for a home office, workout room, or nursery; and an en-suite bath with dual

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
Desert Wind Middle School Middle Regular 414 20 4

Desert Wind Middle School

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

$378,000$462,000$420,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,459
Property Tax -$392
Property Insurance -$92
HOA -$31
Property Management Fees -$99
CASH FLOW
-$474

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.

$420,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.51

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6504$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 21823 N Gibson Drive Maricopa, AZ 2
    • 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.48
    •  
  • 43349 W Wallner Drive Maricopa, AZ 1
    • 5 beds 3 baths ∙ 3,401 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,401 Sqft ∙ Built 2004
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.46
    •  
  • 43477 W Kramer Lane Maricopa, AZ 3
    • 5 beds 3 baths ∙ 3,289 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,289 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.50
    •  
  • 43615 W Bailey Drive Maricopa, AZ 4
    • 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.51
    •  
  • 20071 N Santa Cruz Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205204
Last Updated: 03/12/2021
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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