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37025 W Bello Lane Maricopa, AZ 85138

4 Beds 2 Baths 1,532 sqft Built 2008

$239,900

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $156.59
  • 3 Days on Market
  • MLS # : 6165201
  • Updated Date : 11/27/2020 at 16:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Real Pros Realty Az

Listing Agent's Description

Immaculately maintained and gently lived in 4 Bedroom/2 Bath home in the Sorrento community. Tile throughout the living areas and carpet in the bedrooms. Eat-in kitchen with breakfast bar and staggered cabinets. Split floorplan. 4th bedroom currently used as an Office/Den. Vaulted ceilings. Master suite with large walk in closet. Ceiling fans, window treatments and curtains throughout. North/South exposure. Low maintenance desert landscaping. Community features walking paths, and playgrounds. Don't wait, this home will not last long!

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$885
Property Tax -$224
Property Insurance -$57
HOA -$75
Property Management Fees -$99
CASH FLOW
-$220

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.

$239,900

PROJECTED PRICE

$1,120

PROJECTED RENT

0.47%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,206

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,2953$1,3004$1,3255$1,395
$1,395
RENT COMPS ANALYSIS
  • 37025 W Bello Lane Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.73
    •  
  • 36837 W Mediterranean Way Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 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
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 17902 N Pietra Road Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.79
    •  
  • 36361 W Picasso Street Maricopa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tara Meier
Real Pros Realty Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165201
Last Updated: 11/27/2020
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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