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41997 W Anne Lane Maricopa, AZ 85138

3 Beds 2 Baths 1,413 sqft Built 2005

$239,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.78
  • 3 Days on Market
  • MLS # : 6167942
  • Updated Date : 12/04/2020 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,413 sqft
  • Baths : 2 full
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 3 Bedroom 2 Bath home at Rancho El Dorado is in a great location. Convenient to Restaurants, Shopping, Schools, Public Library, Fire Department, and the Duke Golf Course. This home has a good floor plan with a nice size kitchen that has plenty of counter space and crown molding cabinets. Upgraded ceiling fans, and New Interior Paint. Your Master Bedroom & Bathroom are all tiled, with 2'' blinds, nice size walk in closet and dual vanity. With a separate shower and soaking tub. This house is a Great buy and 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
Santa Rosa Elementary School Primary Regular 429 22 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Santa Rosa Elementary School

  • Education Level: Primary
  • # of students: 429
  • # of teachers: 22
5
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$885
Property Tax -$224
Property Insurance -$55
HOA -$15
Property Management Fees -$99
CASH FLOW
-$178

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.

$239,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,134

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1953$1,2754$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 41997 W Anne Lane Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 41294 W Pryor Lane Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,529 Sqft ∙ Built 2006
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.78
    •  
  • 41637 W Sunland Drive Maricopa, AZ 3
    • 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.81
    •  
  • 42417 W Desert Fairways Drive Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 41280 W Sanders Way Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167942
Last Updated: 12/04/2020
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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