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21946 N Balboa Drive Maricopa, AZ 85138

4 Beds 3 Baths 2,893 sqft Built 2003

$450,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $155.55
  • 2 Days on Market
  • MLS # : 6193898
  • Updated Date : 02/13/2021 at 02:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,893 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exit Realty Expanded Vision

Listing Agent's Description

Desirable GOLF COURSE LOT flaunts this beautiful single-level home. In pristine condition and comes complete with 4 bedrooms, den/office, 2.5 baths, 3-car garage, and RV gate. Spacious by design with vaulted ceilings, an expansive formal living/dining area with large view windows, open greatroom that flows into the casual dining area and well-equipped kitchen featuring custom-stained cabinets, abundant counter space, center island with breakfast bar, double ovens, induction cooktop, and large pantry. The oversized split master retreat has a french door entry, private exit to the backyard, and a generous ensuite with dual sink vanity, granite counters, jetted spa tub, tiled shower and tub, designer floor inlay, and substantial walk-in closet. Bask in the luxurious backyard fancied with

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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
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,563
Property Tax -$420
Property Insurance -$84
HOA -$15
Property Management Fees -$99
CASH FLOW
-$531

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.

$450,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.37%

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$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6004$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 21946 N Balboa Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 43554 W Roth Road Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.54
    •  
  • 43860 W Roth Road Maricopa, AZ 3
    • 5 beds 3 baths ∙ 2,885 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,885 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.55
    •  
  • 44120 W Kramer Lane Maricopa, AZ 4
    • 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.59
    •  
  • 20505 N Santa Cruz Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.64
    •  
PROPERTY LISTING DETAILS
Yolana Isham
Exit Realty Expanded Vision
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193898
Last Updated: 02/13/2021
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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