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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $134.62
- 3 Days on Market
- MLS # : 6184139
- Updated Date : 01/22/2021 at 00:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,964 sqft
- Baths : 3 full
Listing Agent
Homesmart Success
Listing Agent's Description
This over-sized gorgeous bungalow is loaded with upgrades and situated on a huge lot. 4 bedrooms, 3 full baths and a den. Over 42K in upgrades include, a shower and jetted you will not want to live without in master, tile, new(er) carpet, 10 to 12 foot and vaulted ceilings, brushed bronze lighting, upgraded doors. The home has a water softener, reverse osmosis, huge great room, a kitchen that you will love cooking in, and a 3 car garage. Please review the video under the photo tab and the builders upgrades list under the documents tab.
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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 | $1,480 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$373 | |
| Property Insurance | -$85 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$511
|
||
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.
$399,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.37%
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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
0.25
YEARS SAVED
$127
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 -
$0.5
LIST RENT PER SQFT
-
$1,482
COMP ESTIMATED VALUE -
$0.5
COMP AVG. RENT PER SQFT
Comps Range
-
40936 W Hopper Drive Maricopa, AZ 1
- 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,480
- $0.50
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21512 N Denton Drive Maricopa, AZ 2
- 5 beds 3 baths ∙ 3,306 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,306 Sqft ∙ Built 2009
LEASED 02/28/20- Rent
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- $1,575
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20886 N Wilford Avenue Maricopa, AZ 3
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.49
-
41960 W Palmyra Court Maricopa, AZ 4
- 4 beds 3 baths ∙ 3,272 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,272 Sqft ∙ Built 2008
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.50
-
40381 W Marion May Lane Maricopa, AZ 5
- 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2006
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,700
- $0.53
PROPERTY LISTING DETAILS
Homesmart Success
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184139
Last Updated: 01/22/2021
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.
