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41932 W Lago Street Maricopa, AZ 85138

4 Beds 2 Baths 2,200 sqft Built 2018

$299,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $135.91
  • 2 Days on Market
  • MLS # : 6170833
  • Updated Date : 12/12/2020 at 16:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Haven Realty

Listing Agent's Description

Welcome home! Located in Maricopa, this 4 bed, 2 bath property will amaze you, with its beautiful facade, low maintenance landscaping, and 2 car garage with built-in cabinets. The elegant interior boasts an open floor plan along with a formal dining room and a gorgeous kitchen equipped with everything you need for improving your cooking skills, ample cabinetry, a pantry, granite countertops, stainless steel appliances, and an island complete with a breakfast bar. Inside the stunning master bedroom, you will find a spacious walk-in closet and a private bath with double sinks you and your significant other are sure to love! Finally, the expansive backyard with its covered patio, has tons of potential for customizing it any way you can imagine! Hurry and schedule a showing today!

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
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

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

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,103
Property Tax -$279
Property Insurance -$70
HOA -$73
Property Management Fees -$99
CASH FLOW
-$145

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.

$299,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,469

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 41932 W Lago Street Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 41201 W Laramie Road Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2007
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 17072 N Rosa Drive Maricopa, AZ 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2017
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 16890 N Verde Place Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2018
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 18096 N Arbor Drive Maricopa, AZ 5
    • 3 beds 3 baths ∙ 2,123 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,123 Sqft ∙ Built 2006
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
PROPERTY LISTING DETAILS
Sharon A Moncur
Haven Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170833
Last Updated: 12/12/2020
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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