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40777 W Coltin Way Maricopa, AZ 85138

3 Beds 2 Baths 2,261 sqft Built 2007

$299,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $132.64
  • 2 Days on Market
  • MLS # : 6212788
  • Updated Date : 03/26/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,261 sqft
  • Baths : 2 full
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 3 bedroom 2 bath home at the desirable Homestead North in Maricopa is in a great location. Close to Restaurants, Shopping, Schools, Parks, Fire Dept, Golfing at the Duke and easy access to the (347) N John Wayne Pkwy. You'll love this open concept floor plan. Your kitchen has all black appliances, laminate counter tops, filtered water, Crown Molding Cabinetry, and a island/breakfast bar for extra prep and storage. Your spacious Master Suite offers plenty of natural light, a dual vanity, walk in closet, and a stand alone shower. Your low maintenance backyard offers an extended patio with a Gorgeous Pergola to enjoy the AZ days under. As well as 8 fruit trees and a water feature. This home also offers 2'' blinds for privacy, an extra room for a office,

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

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,042
Property Tax -$280
Property Insurance -$71
HOA -$48
Property Management Fees -$99
CASH FLOW
-$60

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.

$299,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5503$1,6004$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 40777 W Coltin Way Maricopa, AZ 1
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.65
    •  
  • 41329 W Curtis Lane Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 20872 N Madeline Street Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 40761 W Coltin Way Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 40042 W Curtis Way Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 2017
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212788
Last Updated: 03/26/2021
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.

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