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41192 W Hayden Drive Maricopa, AZ 85138

3 Beds 2 Baths 1,843 sqft Built 2008

$253,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $137.76
  • 6 Days on Market
  • MLS # : 6148973
  • Updated Date : 10/30/2020 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,843 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Excellent opportunity to live in Homestead North! Open floor plan with spacious master bedroom and walk-in closet. Huge back yard is a clean slate to make it your own. Close to several community parks with playgrounds, grassy fields and ramadas. Enjoy the lovely surroundings by having a picnic by the lake, or taking a stroll on one of the many green belt paths. It is conveniently located in the heart of Maricopa off Smith-Enke Road and Porter.

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
 

$228,510$279,290$253,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$937
Property Tax -$237
Property Insurance -$63
HOA -$48
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.

$253,900

PROJECTED PRICE

$1,170

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$73,034

INVESTMENT

$73,034

Down Payment
$63,475
Rehab Estimate
$5,750
Closing Costs
$3,809

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,475
Loan Amount $190,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,3953$1,4004$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 41192 W Hayden Drive Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.63
    •  
  • 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
    •  
  • 21023 N Mac Neil Street Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2009
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.69
    •  
  • 41910 W Frost Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 40896 W Crane Drive Maricopa, AZ 5
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2018
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Laura Moore
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148973
Last Updated: 10/30/2020
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.

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