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42042 W Hillman Drive Maricopa, AZ 85138

3 Beds 3 Baths 1,858 sqft Built 2005

$314,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.48
  • 3 Days on Market
  • MLS # : 6181159
  • Updated Date : 01/15/2021 at 03:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

Can you picture yourself living in this beautiful heated swimming pool loft home backing up to pristine Indian reservation land in the incredibly desirable Maricopa Rancho El Dorado golf course community? As you enter the city of Maricopa and turn into the main entrance of Ranch El Dorado and head towards this home it will become evident why homes sell so fast in this prime subdivision. This home is a perfect size and is orientated with the most desirable north south sun exposure to keep those summer AC bills low. This home is ready for its new owner. Pull up, unpack, turn on the pool heater and your BBQ grill. Enjoy the beautiful Arizona climate. Hot tub does not convey. Furniture and car pictured in the garage and hot tub are available by seperate bill of sale.

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
Pima Butte Elementary School Primary Regular 489 23 8
Pima Butte Elementary School Middle Regular 489 23 8
Maricopa High School High Regular 1,796 70 3

Pima Butte Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Pima Butte Elementary School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Maricopa High School

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

$283,410$346,390$314,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,094
Property Tax -$294
Property Insurance -$63
HOA -$14
Property Management Fees -$99
CASH FLOW
-$174

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.

$314,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.44%

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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,384

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,4004$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 42042 W Hillman Drive Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.75
    •  
  • 42656 W Venture Road Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 22463 N Dietz Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 21467 N Falcon Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2005
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 41910 W Frost Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
PROPERTY LISTING DETAILS
Christopher Hopewell
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181159
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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