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41960 W Solitare Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,263 sqft Built 2014

$419,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $185.55
  • 26 Days on Market
  • MLS # : 6252199
  • Updated Date : 07/13/2021 at 14:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,263 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Spectacular Meritage built Monza floor plan with a stunning custom built fireplace/media center with stone veneer, built in cabinet and recess can lighting. Luxurious cabinetry with crown molding, granite countertops, custom travertine backsplash and stainless steel appliances including a gas range. Fabulous outdoor living space with extended paver patio, pergola and pull down sun shade. The backyard is completely fenced which offers wonderful privacy and also perfect for a pet. Beautiful plantation shutters along with custom lighting and ceiling fans. Tile in every room with plush carpet in all three bedrooms. The garage has a 4' garage extension, epoxy floors and built in cabinets. Additional upgrades in this home include: Soft water and RO system, fabulous laundry with built in

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
Butterfield Elementary School Primary Regular 760 33 5
Desert Wind Middle School Middle Regular 414 20 4

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
GreatSchools Rating

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,458
Property Tax -$392
Property Insurance -$71
HOA -$85
Property Management Fees -$99
CASH FLOW
-$566

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.

$419,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.37%

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,669

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5403$1,6004$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 41960 W Solitare Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,263 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.68
    •  
  • 43192 W Arizona Avenue Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
    property image
    LEASED 04/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 40880 W Jenna Lane Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2018
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 20872 N Madeline Street Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,261 Sqft ∙ Built 2007
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 19774 N Alexis Avenue Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2019
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jill K Dames
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6252199
Last Updated: 07/13/2021
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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