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41273 W Rio Bravo Drive Maricopa, AZ 85138

4 Beds 3 Baths 2,849 sqft Built 2017

$299,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
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.

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

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

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,7003$1,760
$1,760
RENT COMPS ANALYSIS
  • 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
Norman Cholagh
Pro Sports Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176001
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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