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36437 W Barcelona Lane Maricopa, AZ 85138

4 Beds 2 Baths 1,769 sqft Built 2019

$256,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $144.71
  • 4 Days on Market
  • MLS # : 6167175
  • Updated Date : 12/03/2020 at 12:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Mint Condition New Home, 4 Bedroom/2 Bath/ 2 Car Garage. Open Floor Plan, Kitchen has Stainless steel appliances, Granite Countertops and island. Master Bedroom has walk-in closet. Desert Landscaping front and back. Must see home!

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
 

$230,400$281,600$256,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$945
Property Tax -$246
Property Insurance -$62
HOA -$91
Property Management Fees -$99
CASH FLOW
-$82

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.

$256,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.53%

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) 3.00%
Vacancy 6.24%
Length of Stay Years 2

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,840

INVESTMENT

$69,840

Down Payment
$64,000
Rehab Estimate
$2,000
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$945

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,820

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
  • 36437 W Barcelona Lane Maricopa, AZ 3
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.77
    •  
  • 36496 W Pampoloma Avenue Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.75
    •  
  • 36508 W Montserrat Street Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 36361 W Picasso Street Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 35973 W Velazquez Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,894 Sqft ∙ Built 2006
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Dong Meng
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167175
Last Updated: 12/03/2020
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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