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36591 W Santa Maria Street Maricopa, AZ 85138

5 Beds 3 Baths 2,234 sqft Built 2006

$235,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.19
  • 4 Days on Market
  • MLS # : 6186798
  • Updated Date : 01/28/2021 at 20:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,234 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

*Great home in the Tortosa Community*5 bedrooms 3 bathrooms + huge loft upstairs*4 bedrooms upstairs, 1 bedroom downstairs w/full bathroom*Tile in all the right places*Ceiling fans in all rooms*Freshly painted outside in 2019*NEW garage door installed in 2019*Huge backyard*Front & back desert landscaping*Vaulted ceilings*Plus so much more...

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

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$816
Property Tax -$220
Property Insurance -$71
HOA -$81
Property Management Fees -$99
CASH FLOW
$164

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.

$235,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.62%

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$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$27,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,5504$1,5995$1,695
$1,695
RENT COMPS ANALYSIS
  • 36591 W Santa Maria Street Maricopa, AZ 2
    • 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 36575 W Nina Street Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 35903 W Velazquez Drive Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 18975 N Vemto Street Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.72
    •  
  • 36535 W Santa Maria Street Maricopa, AZ 5
    • 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Manuel R Lopez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186798
Last Updated: 01/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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