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41182 W Sanders Way Maricopa, AZ 85138

4 Beds 3 Baths 2,108 sqft Built 2007

$285,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $135.63
  • 2 Days on Market
  • MLS # : 6178411
  • Updated Date : 01/09/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,108 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

Talk about MOVE-IN ready! This gorgeous home features a NEWER AC unit (installed in 2018), Corian counter tops in the kitchen, NEWER carpets(installed 2018) Exterior recently painted in (2017), a fenced in pool and above ground spa! Entry opens to formal dining/living room. Large eat-in kitchen opens to the family room. A powder room and laundry room complete the lower level. Head upstairs to find vaulted ceilings. The Master offers plantation shutters a bay window with bench sitting. Attached ensuite with dual sinks, walk-in closet and separate shower/sink. Secondary bedrooms are generously sized and all equipped with ceiling fans. HUGE private backyard offers a stunning pool with pavers and low maintenance landscape. Schedule your showing 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
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
 

$257,310$314,490$285,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$993
Property Tax -$267
Property Insurance -$68
HOA -$48
Property Management Fees -$99
CASH FLOW
$105

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.

$285,900

PROJECTED PRICE

$1,580

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,514

INVESTMENT

$81,514

Down Payment
$71,475
Rehab Estimate
$5,750
Closing Costs
$4,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$993

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,475
Loan Amount $214,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$24,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4004$1,4755$1,580
$1,580
RENT COMPS ANALYSIS
  • 41182 W Sanders Way Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.75
    •  
  • 21622 N Dietz Drive Maricopa, AZ 1
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2005
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.65
    •  
  • 21355 N Cecil Court Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2010
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.68
    •  
  • 21467 N Falcon Lane Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 39955 W Brandt Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2018
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.69
    •  
PROPERTY LISTING DETAILS
Karla Mendez
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178411
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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