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41346 W Curtis Lane Maricopa, AZ 85138

3 Beds 2 Baths 2,097 sqft Built 2018

$360,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.67
  • 2 Days on Market
  • MLS # : 6212995
  • Updated Date : 03/27/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,097 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Water softener, shutters in the master bedroom and second bedroom, dark screens/sunshades on all windows, fully landscaped backyard with drip system, fence and dog run. 10 year air-conditioning warranty with scrub daddy filter, Ecobee thermostat, ADT security equipment installed, 9 foot ceilings, ceiling fans throughout every room, updated light fixtures, reverse osmosis, and drip system in the front yard as well.

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

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,250
Property Tax -$336
Property Insurance -$68
HOA -$108
Property Management Fees -$99
CASH FLOW
-$272

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.

$360,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.44%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,583

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,6004$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 41346 W Curtis Lane Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.76
    •  
  • 41329 W Curtis Lane Maricopa, AZ 1
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2020
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.74
    •  
  • 40880 W Jenna Lane Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 20872 N Madeline Street Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 19774 N Alexis Avenue Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2019
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212995
Last Updated: 03/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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