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37855 W Merced Street Maricopa, AZ 85138

4 Beds 3 Baths 2,754 sqft Built 2008

$321,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $116.56
  • 3 Days on Market
  • MLS # : 6182667
  • Updated Date : 01/22/2021 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,754 sqft
  • Baths : 3 full
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

Nestled in the beautiful Rancho Mirage, this two story home has it all!! 3 car garage, RV gate, Split floor plan with a formal living room that could be used as formal dining, breakfast room, 4 bed, 3 bath, large loft, lovely den that can easily be converted into the 5th bedroom, and a cozy family room adjacent to kitchen. There is a bedroom and 1 full bath downstairs perfect for guests! Gorgeous kitchen showcases island for prep & breakfast bar, pantry, high-end appliances, and plenty of cabinet/counter space. The big master suite has its own master bath ensuring a very private space. Master bath features separate tub/shower, dual sinks, and walk-in closet. Fabulous backyard has covered patio, grass area, and palm trees. Think of the backyard fun & bbq's. Hurry it won't last

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
 

$288,900$353,100$321,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,115
Property Tax -$300
Property Insurance -$81
HOA -$99
Property Management Fees -$99
CASH FLOW
$76

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.

$321,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.55%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,815

INVESTMENT

$90,815

Down Payment
$80,250
Rehab Estimate
$5,750
Closing Costs
$4,815

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,115

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,250
Loan Amount $240,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,194

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,7703$2,4004$2,500
$2,500
RENT COMPS ANALYSIS
  • 37855 W Merced Street Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.64
    •  
  • 18299 N Alicia Court Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.55
    •  
  • 37981 W Montserrat Street Maricopa, AZ 3
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 37955 W Montserrat Street Maricopa, AZ 4
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Leslie D Wright
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182667
Last Updated: 01/22/2021
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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