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

40165 W Tamara Lane Maricopa, AZ 85138

4 Beds 2 Baths 1,879 sqft Built 2006

$275,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.35
  • 3 Days on Market
  • MLS # : 6199672
  • Updated Date : 02/26/2021 at 17:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,879 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You have to check out this amazing 4 bedroom 2 bath home in Maricopa. Out front you have lovely curb appeal with low maintenance yard and spacious 2 car garage. Inside you have plenty of natural light, wood flooring, neutral paint, and tons of entertainment space. The kitchen has plenty of counter / cabinet space, and an island / breakfast bar. Out back you have a covered patio and tons of space for the kids and dogs to run around. This one definitely won't last long so make sure you check it out today!

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
Saddleback Elementary School Primary Regular 505 24 4
Desert Wind Middle School Middle Regular 414 20 4

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
4
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$955
Property Tax -$257
Property Insurance -$64
HOA -$99
Property Management Fees -$99
CASH FLOW
-$214

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.

$275,000

PROJECTED PRICE

$1,260

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

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,348

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,2753$1,2954$1,3005$1,400
$1,400
RENT COMPS ANALYSIS
  • 40165 W Tamara Lane Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,879 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,879 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.67
    •  
  • 40317 W Helen Court Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,703 Sqft ∙ Built 2006
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.75
    •  
  • 40300 W Peggy Court Maricopa, AZ 3
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2013
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.69
    •  
  • 40300 W Molly Lane Maricopa, AZ 4
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2012
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 40219 W Mary Lou Drive Maricopa, AZ 5
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jonathan L Lofrisco
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199672
Last Updated: 02/26/2021
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