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41754 W Somerset Drive Maricopa, AZ 85138

4 Beds 3 Baths 1,836 sqft Built 2007

$259,500

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $141.34
  • 2 Days on Market
  • MLS # : 6157679
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,836 sqft
  • Baths : 3 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

STUNNING HOME in the heart of Maricopa! This gorgeous single level bungalow features 4 spacious bedrooms +open den, 3 FULL bathrooms, open concept floor plan with low maintenance North/South backyard with covered patio! Split floor plan with sprawling master bedroom featuring walk-in closet, soaring ceilings and en-suite bathroom with double sinks and separate shower and soaking tub! Upgrades include fresh paint inside and out, gorgeous 20 inch tile in all the right places, vaulted ceilings, NEW carpet and spacious kitchen with Maple cabinetry and island overlooking the great room! Located in one of Maricopa's premier subdivisions, Glennwilde Groves, with 2 community pools, walking & biking paths, tot lots and close to schools, shopping & within walking distance to Pacana Park! A MUST 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
 

$233,550$285,450$259,500

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$957
Property Tax -$242
Property Insurance -$63
HOA -$92
Property Management Fees -$99
CASH FLOW
-$154

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.

$259,500

PROJECTED PRICE

$1,300

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,518

INVESTMENT

$74,518

Down Payment
$64,875
Rehab Estimate
$5,750
Closing Costs
$3,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$957

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,875
Loan Amount $194,625
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3254$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 41754 W Somerset Drive Maricopa, AZ 2
    • 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.71
    •  
  • 42998 W Elizabeth Avenue Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.72
    •  
  • 42969 W Elizabeth Avenue Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
  • 40792 W Tamara Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2018
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 19166 N Lariat Road Maricopa, AZ 5
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
PROPERTY LISTING DETAILS
Danielle M. Nichols
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157679
Last Updated: 11/07/2020
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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