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41701 W Avella Drive Maricopa, AZ 85138

3 Beds 2 Baths 1,465 sqft Built 2006

$285,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $194.54
  • 6 Days on Market
  • MLS # : 6171393
  • Updated Date : 12/15/2020 at 12:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story home on a corner lot in Glennwilde! This home has been refreshed with new interior paint. Plantation shutters throughout. Open floorplan with lots of natural light. The kitchen features ample cabinet and counter space, a breakfast bar, and a new dishwasher. Split bedroom floorplan for added privacy. The primary ensuite bathroom has dual sinks and a walk in closet. The backyard boasts a covered patio with a ceiling fan an retractable sunshade, a grass area, and a sparkling pool. Located across from a neighborhood green belt. Vacant and ready for viewing, come see!

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
Saddleback Elementary School Primary Regular 505 24 4
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
4
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,052
Property Tax -$266
Property Insurance -$56
HOA -$93
Property Management Fees -$99
CASH FLOW
-$276

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.

$285,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.45%

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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,165

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2493$1,2504$1,2505$1,290
$1,290
RENT COMPS ANALYSIS
  • 41701 W Avella Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.88
    •  
  • 41294 W Pryor Lane Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.78
    •  
  • 41876 W Cheyenne Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.80
    •  
  • 42458 W Monteverde Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 42541 W Sussex Road Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171393
Last Updated: 12/15/2020
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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