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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $137.76
- 1 Days on Market
- MLS # : 6258044
- Updated Date : 07/13/2021 at 17:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,468 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Beautiful 4 bedroom 3 bathroom home for sale in the golf course community of Rancho El Dorado. Formal living area as you walk inside, with 1 full bathroom and bedroom also on the main floor. Soaring ceilings which makes this home feel so open throughout. Kitchen is open to the great room and set up perfectly for entertaining. Upstairs features a large loft area with access to a small balcony outside - perfect size for a small table & chairs to relax. Master bedroom has vaulted ceilings and ensuite bathroom w/ dual sinks, large jetted soaking tub + walk-in shower & walk-in closet. Ceiling fans in all of the rooms. Large backyard with covered patio. Low maintenance landscaping.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$318 | |
| Property Insurance | -$75 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$128
|
||
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.
$340,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
3.42
YEARS SAVED
$9,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,740
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
41919 W Colby Drive Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $0.63
-
22022 N Vargas Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
![property image]()
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.63
-
22226 N Van Loo Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.71
-
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
![property image]()
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,750
- $0.69
-
42252 W Michaels Drive Maricopa, AZ 5
- 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2005
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,800
- $0.79
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6258044
Last Updated: 07/13/2021
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.
