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21893 N Gibson Drive Maricopa, AZ 85139

4 Beds 2 Baths 2,132 sqft Built 2005

$320,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $150.09
  • 2 Days on Market
  • MLS # : 6200024
  • Updated Date : 02/27/2021 at 00:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,132 sqft
  • Baths : 2 full
Listing Agent

Propertyaz

Listing Agent's Description

Wonderful home with 3 car garage in the highly desirable Cobblestone Farms community! Brand new wood-grain tile planks in Living/Dining Room and Family Room, and new carpet in bedrooms. Fresh, neutral interior paint. Kitchen features maple cabinets, Corian counters, gas range, center island and pantry. Awesome floorplan with split Master Bedroom. Master Suite boasts private exit to backyard, walk in closet and Master Bath with soaking tub/shower and dual sink vanity. Two of the secondary bedrooms also include walk-in closets. Big Backyard with covered patio and grass. Short walk to community pool, splash pad, basketball court, playground and more! Plenty of nearby restaurants and shopping options!

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,111
Property Tax -$299
Property Insurance -$69
HOA -$31
Property Management Fees -$99
CASH FLOW
-$159

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.

$320,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,514

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,4503$1,4504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 21893 N Gibson Drive Maricopa, AZ 3
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 43500 W Colby Drive Maricopa, AZ 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2002
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.67
    •  
  • 22118 N Lakeside Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 43981 W Adobe Circle Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 22641 N Gibson Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
PROPERTY LISTING DETAILS
Julie Warren
Propertyaz
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200024
Last Updated: 02/27/2021
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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