Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

36936 W Maddaloni Avenue Maricopa, AZ 85138

4 Beds 2 Baths 1,825 sqft Built 2018

$279,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $153.37
  • 2 Days on Market
  • MLS # : 6206824
  • Updated Date : 03/13/2021 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,825 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Why wait for new? Beautiful single level DR Horton home built in 2018 with 4 Bedrooms/ 2 Baths in Maricopa's beautiful community of Sorrento. Chef's kitchen with stainless appliances, an abundance of Espresso cabinets w/ complimentary granite countertops, large kitchen island and walk-in pantry. Kitchen opens to spacious Great Room with sliding glass door to covered patio. Great for entertaining! Split Master Suite boasts dual sink vanity, walk-in closet and large shower. Good-sized secondary bedrooms. Tile flooring throughout except for bedrooms. Pool-sized Backyard is a 'blank canvas' a'' ready for you to design your dream outdoor paradise. (Shasta pool drawings on site) Low maintenance front yard. Enjoy nearby Park of Sorrento. All this plus so much more! A great place to call 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

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$972
Property Tax -$262
Property Insurance -$63
HOA -$75
Property Management Fees -$99
CASH FLOW
-$190

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.

$279,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,3754$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 36936 W Maddaloni Avenue Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.70
    •  
  • 36575 W Nina Street Maricopa, AZ 2
    • 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
    •  
  • 18477 N Ravello Road Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2016
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.74
    •  
  • 37024 W Bello Lane Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.68
    •  
  • 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
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Darlene Watson
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206824
Last Updated: 03/13/2021
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.

BESbswy