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41229 W Parkhill Drive Maricopa, AZ 85138

3 Beds 3 Baths 1,712 sqft Built 2009

$229,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $134.29
  • 2 Days on Market
  • MLS # : 6176083
  • Updated Date : 01/02/2021 at 00:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

Looking for a marvelous home in the popular Lakes at Rancho El Dorado? You've found it! This two-story property is immaculate and move-in ready with NEW paint inside, NEW paint outside, and NEW carpet throughout. Tiled kitchen with maple cabinets, black appliances including the fridge, and spacious island with breakfast bar. Upstairs there are 3 bedrooms PLUS a loft, and a Jack-and-Jill bathroom. Every room has a ceiling fan, and the washer and dryer also convey. The backyard is HUGE and has a grassy area with plenty of room leftover for a pool. This incredible home won't last, so make an offer 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 Rosa Elementary School Primary Regular 429 22 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Santa Rosa Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 22
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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$848
Property Tax -$215
Property Insurance -$61
HOA -$67
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.

$229,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.59%

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$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3253$1,3504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 41229 W Parkhill Drive Maricopa, AZ 4
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 41637 W Sunland Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.81
    •  
  • 42417 W Desert Fairways Drive Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 41280 W Sanders Way Maricopa, AZ 3
    • 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
    •  
  • 22463 N Dietz Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
PROPERTY LISTING DETAILS
David Morgan
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176083
Last Updated: 01/02/2021
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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