Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

22331 W Madre Del Oro Drive Wittmann, AZ 85361

5 Beds 2 Baths 2,614 sqft Built 2001

$450,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $172.15
  • 2 Days on Market
  • MLS # : 6173573
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,614 sqft
  • Baths : 2 full
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

1.25 acre property in located in Wittmann. Territorial/Santa Fe home with a 3 car garage and plenty of room for all of the toys! Spacious open floor plan. Tile floors and soft color palette. Home office. Eat-in kitchen has white cabinets, granite counters, white appliances, breakfast bar and a pantry. Generous sized bedrooms. The large master has a private entrance and a full bath. The backyard has a covered patio, built-in BBQ and lots of room to create your own oasis! Close to major freeways. Beautiful mountain views! If you want to live away from the hustle & bustle of the city, this is the place for you!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85361

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k298k

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

Zip Code: 85361

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9581567

* 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
Nadaburg Elementary School Primary Regular 385 26 3
Nadaburg Elementary School Middle Regular 385 26 3

Nadaburg Elementary School

  • Education Level: Primary
  • # of students: 385
  • # of teachers: 26
3
GreatSchools Rating

Nadaburg Elementary School

  • Education Level: Middle
  • # of students: 385
  • # of teachers: 26
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,660
Property Tax -$267
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
$26

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

$2,130

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$36,564

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,130
$2,130
RENT COMPS ANALYSIS
  • 22331 W Madre Del Oro Drive Wittmann, AZ 2
    • 5 beds 2 baths ∙ 2,614 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,614 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.81
    •  
  • 28407 N 227th Avenue Wittmann, AZ 1
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2020
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
PROPERTY LISTING DETAILS
Brisa Moreno
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173573
Last Updated: 12/26/2020
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.

BESbswy