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22391 N Mulligan Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,230 sqft Built 2002

$329,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $147.94
  • 2 Days on Market
  • MLS # : 6178985
  • Updated Date : 01/09/2021 at 06:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,230 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Rancho El Dorado golf course lot and community. This single story home has it all! Light & bright interior features a great-room perfect for entertaining friends. The kitchen is equipped with plenty of cabinets, high-end appliances, travertine back-splash, and much more for you to practice your cooking skills. In the main bedroom you will find sunny bay window for a sitting area, a door to patio that ensures a private space, and its own master bath for an added comfort. The master bath is comprised of dual sinks, soaking tub, step-in shower, and walk-in closet. The BONUS room (currently used as 4th bedroom) has double entry doors and is large enough to use as office space/den! Desert style backyard with open views of the 4th hole fairway without sacrificing privacy! Furniture available!

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
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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,146
Property Tax -$308
Property Insurance -$71
HOA -$15
Property Management Fees -$99
CASH FLOW
$31

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.

$329,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.51%

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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4504$1,6005$1,670
$1,670
RENT COMPS ANALYSIS
  • 22391 N Mulligan Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.75
    •  
  • 42606 W Chambers Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.63
    •  
  • 21404 N Van Loo Drive Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2005
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.65
    •  
  • 22118 N Lakeside Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 22226 N Van Loo Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
PROPERTY LISTING DETAILS
Bill Cole
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178985
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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