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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $105.27
- 4 Days on Market
- MLS # : 6176001
- Updated Date : 01/02/2021 at 17:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,849 sqft
- Baths : 2 full , 1 half
Listing Agent
Pro Sports Realty
Listing Agent's Description
In The Lakes at Rancho El Dorado community This Home features a spacious kitchen with granite counter tops, a large island, and eat in dining room open to the Great Room. The Master Suite has a large walk in closet with a luxurious private bath huge loft area. Enjoy the beautiful Arizona weather on your cozy covered back patio. The yard has plenty of room for a pool Home has been Freshly painted.
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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 | $1,760 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$301 | |
| Property Insurance | -$83 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$104
|
||
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
$1,760
PROJECTED RENT
0.59%
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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
7.17
YEARS SAVED
$30,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
41273 W Rio Bravo Drive Maricopa, AZ 3
- 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $0.62
-
41315 W Walker Way Maricopa, AZ 1
- 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2006
![property image]()
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,450
- $0.57
-
20505 N Santa Cruz Drive Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2005
![property image]()
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,700
- $0.64
PROPERTY LISTING DETAILS
Pro Sports Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176001
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
