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36591 W Picasso Street Maricopa, AZ 85138

3 Beds 2 Baths 1,699 sqft Built 2007

$217,500

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.02
  • 4 Days on Market
  • MLS # : 6159499
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Wow! Remarkable single level gem recently remodeled is located in one of the most desirable locations in popular Maricopa Providing great curb appeal and easy care gravel front landscaping. Fantastic interior includes 3 bed, 2 bath, living/dining area, carpet in every bedroom, neutral paint throughout the place, and several windows that bring in so much natural light. Dreamy kitchen is a cook's delight with recessed lighting, pot rack, cabinetry with crown molding, walk-in pantry, granite counter-tops, and high-end appliances. Master suite gives you a spotless full bathroom with dual sinks, separate tub, step-in shower, and walk-in closet. Perfectly sized backyard with covered patio gives you lots of privacy to enjoy your gatherings. You have found the one. Start calling right now!

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
 

$195,750$239,250$217,500

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$802
Property Tax -$203
Property Insurance -$60
HOA -$70
Property Management Fees -$99
CASH FLOW
-$85

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.

$217,500

PROJECTED PRICE

$1,150

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,388

INVESTMENT

$63,388

Down Payment
$54,375
Rehab Estimate
$5,750
Closing Costs
$3,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$802

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,375
Loan Amount $163,125
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2493$1,3004$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 36591 W Picasso Street Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.68
    •  
  • 36496 W Pampoloma Avenue Maricopa, AZ 2
    • 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 3
    • 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
Justin Gershanov
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159499
Last Updated: 11/13/2020
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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