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22224 N Sunset Drive Maricopa, AZ 85139

3 Beds 2 Baths 2,113 sqft Built 2006

INVESTimate

$287,900

List Price

$1,440

$1,296 - $1,584

Rent Est.

$308,917  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $136.25
  • 7 Days on Market
  • MLS # : 6120120
  • Updated Date : 08/25/2020 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Gorgeous home located in Cobblestone Farms. Open style family room and kitchen with granite countertops and upgraded maple cabinets. Large ceiling fans, R/O, ADT Security system with Ring Doorbell and soft water system included. Separate formal living space with a bonus room that can be used for an office, library, art room, etc. HUGE 3 car garage. Backyard is a clean slate, ready for your design. Sunset views are the Best!

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
Pima Butte Elementary School Primary Regular 489 23 8
Pima Butte Elementary School Middle Regular 489 23 8
Maricopa High School High Regular 1,796 70 3

Pima Butte Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Pima Butte Elementary School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$259,110$316,690$287,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,062
Property Tax -$269
Property Insurance -$68
HOA -$93
Property Management Fees -$99
CASH FLOW
-$152

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.

$287,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,044

INVESTMENT

$82,044

Down Payment
$71,975
Rehab Estimate
$5,750
Closing Costs
$4,319

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,975
Loan Amount $215,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5953$1,6004$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 22224 N Sunset Drive Maricopa, 1
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.68
    •  
  • 43981 W Adobe Circle Maricopa, 2
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 44157 W Copper Trail Maricopa, 3
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 43930 W Stonecreek Road Maricopa, 4
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2019
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 22180 N Sunset Drive Maricopa, 5
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120120
Last Updated: 08/25/2020
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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