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41691 W Harvest Moon Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,546 sqft Built 2015

$469,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $184.56
  • 3 Days on Market
  • MLS # : 6175056
  • Updated Date : 01/01/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,546 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is a MUST SEE home in pristine condition situated on one of the most amazing waterfront lots in Province! You'll enter through a very cozy courtyard area with pavers. This highly updated Monza floorplan includes 3 bed/2bath in main house, plus casita. Kitchen features built in oven and microwave, gas cooktop, RO system and upper/lower pull out shelves in cabinets. Solar tubes in kitchen and guest bath. Crown molding and large diagonal tile in all traffic areas. Master bedroom has bay window, door to back patio and surround sound. garage has 4' extension, built in cabinets and utility sink. Patio has ceramic tile flooring, surround sound and remote control sunscreens. Irrigation system replaced in 2019. You'll love this home and the Province community!

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
Butterfield Elementary School Primary Regular 760 33 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
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
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,734
Property Tax -$439
Property Insurance -$77
HOA -$85
Property Management Fees -$99
CASH FLOW
-$604

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.

$469,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.39%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4504$1,8005$1,830
$1,830
RENT COMPS ANALYSIS
  • 41691 W Harvest Moon Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,546 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,546 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.72
    •  
  • 40796 W Sanders Way Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.61
    •  
  • 19505 N Ventana Lane Maricopa, AZ 2
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 41315 W Walker Way Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2006
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.57
    •  
  • 41186 W Novak Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,530 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,530 Sqft ∙ Built 2007
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
PROPERTY LISTING DETAILS
Carolyn D Vaiana-menkhus
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175056
Last Updated: 01/01/2021
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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