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41941 W Monteverde Court Maricopa, AZ 85138

4 Beds 2 Baths 2,707 sqft Built 2006

$384,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $142.19
  • 2 Days on Market
  • MLS # : 6190809
  • Updated Date : 02/06/2021 at 20:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,707 sqft
  • Baths : 2 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

This incredible home features 2 newer a/c units installed in 2019. Home includes over $190,000 of upgrades, & fixtures, and $31,000+ flooring package including real Hardwood floors.Both Plantation shutters on every window. Gorgeous kitchen with Quartz/Okite counters and stainless appliances. Custom lighting throughout. Showroom-quality epoxy garage floor. Front-load washer/dryer set with pedestals Kinetico water softener. Pebble-tec pool with amazing Enviroswim cleaning system that keeps the water sparkling blue through oxidising and ionisation, no chemicals or salt needed! OWNED SOLAR , with annual electric costs for the home around $1700. Open floorplan w/ vaulted ceilings. New solar heater for spool. We have all the brochures since the home was built . True pride of ownersh

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

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
 

$346,410$423,390$384,900

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 -$1,337
Property Tax -$360
Property Insurance -$80
HOA -$92
Property Management Fees -$99
CASH FLOW
-$487

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.

$384,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$121

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
  • $1,502

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4004$1,4505$1,650
$1,650
RENT COMPS ANALYSIS
  • 41941 W Monteverde Court Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,707 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,707 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18432 N Comet Trail Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.54
    •  
  • 43290 W Blazen Trail Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2006
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.58
    •  
  • 41389 W Cielo Lane Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2006
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.53
    •  
  • 42119 W Centennial Court Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
PROPERTY LISTING DETAILS
Tina Clowes
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190809
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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