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36050 W Catalonia Drive Maricopa, AZ 85138

4 Beds 2 Baths 1,768 sqft Built 2021

INVESTimate

$263,320

List Price

$1,360

$1,224 - $1,496

Rent Est.

$281,831  ( +7.03%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
FACTS
  • Built In 2021
  • Price/Sqft : $148.94
  • 10 Days on Market
  • MLS # : 6118785
  • Updated Date : 08/25/2020 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

GORGEOUS BRAND NEW HOME. New parcel of lots released for new construction. Our energy efficient homes are loaded with upgrades including amazing warranties, open concept floor plan with 4 spacious bedrooms, entertainers kitchen with huge island, granite countertops, espresso cabinets, and stainless steel appliances. 20 inch tile, master bedroom has double sinks at raised vanity. SMARTHOME TECHNOLOGY WIFI T STAT PROGRAMMABLE DOORLOCK TOUCH SCREEN SMART PANEL FOR 2 CAMERAS AMAZON ECHO AND DOT, WIFI GARARGE DOOR OPENER Smart home, front and back landscape, blinds and more.4000 cc using DHI

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
Santa Cruz Elementary School Primary Regular 453 21 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Santa Cruz Elementary School

  • Education Level: Primary
  • # of students: 453
  • # of teachers: 21
5
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating

Maricopa High School

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

$236,988$289,652$263,320

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$972
Property Tax -$244
Property Insurance -$62
HOA -$71
Property Management Fees -$99
CASH FLOW
-$87

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$263,320

PROJECTED PRICE

$1,360

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.03%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,780

INVESTMENT

$71,780

Down Payment
$65,830
Rehab Estimate
$2,000
Closing Costs
$3,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,830
Loan Amount $197,490
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,3003$1,3604$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 36050 W Catalonia Drive Maricopa, 3
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.77
    •  
  • 36496 W Pampoloma Avenue Maricopa, 1
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.75
    •  
  • 36508 W Montserrat Street Maricopa, 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 36361 W Picasso Street Maricopa, 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 35973 W Velazquez Drive Maricopa, 5
    • 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2006
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Cyndi Brand
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118785
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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