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22163 N O Sullivan Drive Maricopa, AZ 85138

4 Beds 3 Baths 4,287 sqft Built 2005

$509,500

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $118.85
  • 2 Days on Market
  • MLS # : 6187279
  • Updated Date : 01/30/2021 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,287 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Grand entry welcomes you to a STUNNING hacienda home situated on 1/4 acre lot right on the golf course! Over 4,000 sq ft of living space offers 4 bedrooms, 2.5 bathrooms, TWO bonus rooms, a loft AND game room! Downstairs master bedroom w/ on-suite bath and French doors. Kitchen features granite counters, large kitchen island, double ovens and stainless steel appliances. Balcony overlooking the golf course w/ full length covered patio below, RV gate, 3 car garage AND SO MUCH MORE! Come see this gorgeous home today! *More photos to come!*

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
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
 

$458,550$560,450$509,500

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,770
Property Tax -$476
Property Insurance -$111
HOA -$15
Property Management Fees -$99
CASH FLOW
-$530

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.

$509,500

PROJECTED PRICE

$1,940

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,768

INVESTMENT

$140,768

Down Payment
$127,375
Rehab Estimate
$5,750
Closing Costs
$7,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,770

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,375
Loan Amount $382,125
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,137

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
  • $2,186

    COMP ESTIMATED VALUE
  • $0.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,999
$1,999
RENT COMPS ANALYSIS
  • 22163 N O Sullivan Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 4,287 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,287 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21894 N Balboa Drive Maricopa, AZ 2
    • 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.51
    •  
PROPERTY LISTING DETAILS
Michele Oliveira
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187279
Last Updated: 01/30/2021
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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