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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $137.20
- 2 Days on Market
- MLS # : 6197176
- Updated Date : 02/20/2021 at 22:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,223 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Not a stitch of carpet in this home. Welcome to this beautiful home that offers many of the upgrades you desire. This spacious home offers a nice size bedroom down stairs, and over sized master bedroom with the largest loft could need in a home. put up wall pads and throwing a softball in the house is possible. Most ball throwing should happen in the back yard and wow what a nice sized yard here. Its currently a blank slate so make it to your liking.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$285 | |
| Property Insurance | -$71 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$209
|
||
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.
$305,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
1.92
YEARS SAVED
$3,647
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,495
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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37198 W Amalfi Avenue Maricopa, AZ 1
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- Rent
- Rent Per SQFT
- $0
- $0.00
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37024 W Bello Lane Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2008
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,375
- $0.68
-
37081 W Amalfi Avenue Maricopa, AZ 3
- 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,449
- $0.65
-
36794 W Mediterranean Way Maricopa, AZ 4
- 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2009
LEASED 09/13/20- Rent
- Rent Per SQFT
- $1,475
- $0.64
-
18975 N Vemto Street Maricopa, AZ 5
- 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,599
- $0.72
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197176
Last Updated: 02/20/2021
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.
