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

40320 W Coltin Way Maricopa, AZ 85138

3 Beds 2 Baths 1,526 sqft Built 2012

$259,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $170.31
  • 3 Days on Market
  • MLS # : 6167497
  • Updated Date : 12/05/2020 at 20:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,526 sqft
  • Baths : 2 full
Listing Agent

Presidential Realty, Llc

Listing Agent's Description

This amazingly kept newer home that's only 8 years old is the perfect property for your family to call home. It boasts quality wood shutters, large tile floors in walking areas, upgraded carpet, stainless steel appliances, double sinks in the master bedroom, and a large backyard with mature trees to provide plenty of shade for your extended patio. This home definitely shows the pride of ownership. Comes with energy saving solar panels through Solar City. A must see!

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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$959
Property Tax -$243
Property Insurance -$57
HOA -$48
Property Management Fees -$99
CASH FLOW
-$206

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.

$259,900

PROJECTED PRICE

$1,200

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,206

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3004$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 40320 W Coltin Way Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 40381 W Robbins Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2008
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 20847 N Mac Neil Street Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 41280 W Sanders Way Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 21334 N Klock Court Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2008
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
PROPERTY LISTING DETAILS
Stephen L Jackson
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167497
Last Updated: 12/05/2020
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.

BESbswy