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2222 W Maple Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,896 sqft Built 1975

$285,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $150.32
  • 4 Days on Market
  • MLS # : 6162484
  • Updated Date : 11/21/2020 at 14:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Must see this charming 3 bedroom home! Wonderful North Phoenix location with convenient access to freeways and minutes from shopping malls, great restaurants and entertainment. Featuring newer windows, plantain shutters throughout, two living spaces plus den, and an open kitchen with granite countertops, mosaic tile backsplash, and a built-in pantry. Both bathrooms have been updated with custom tile showers, vanities with granite countertops that continue the design from the kitchen and the bedroom are sizable with lots of natural light. The backyard has tons of potential to make it your own private oasis! With the HUGE covered patio and a blank slate for you to create the backyard of your dreams. Additional features include SOLAR, 2 year termite warranty and a transferable home warranty!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Green Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Green Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7501567

* 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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$256,500$313,500$285,000

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 -$1,052
Property Tax -$171
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$65

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,227

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
  • $0.76

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4504$1,7005$1,925
$1,925
RENT COMPS ANALYSIS
  • 2222 W Maple Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 2210 W Utopia Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1979
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.83
    •  
  • 18807 N 17th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1972
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 1431 W Behrend Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 2028 W Schell Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1964
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.89
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162484
Last Updated: 11/21/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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