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42074 W Lunar Street Maricopa, AZ 85138

3 Beds 2 Baths 1,293 sqft Built 2018

$235,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $181.75
  • 3 Days on Market
  • MLS # : 6161028
  • Updated Date : 11/20/2020 at 09:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,293 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This almost new home (built in 2018) features an open kitchen with 3 bedrooms, 2 full bathrooms, formal dining/office area and a spacious 2-car garage. Designer selected finishes include, Espresso cabinets, granite counter tops and 16 inch tile.

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$867
Property Tax -$220
Property Insurance -$52
HOA -$73
Property Management Fees -$99
CASH FLOW
-$291

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.

$235,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.43%

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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,025

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,2003$1,2494$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 42074 W Lunar Street Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,293 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.79
    •  
  • 17177 N Rosemont Street Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 41876 W Cheyenne Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.80
    •  
  • 42458 W Monteverde Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 42541 W Sussex Road Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Amber Perks
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161028
Last Updated: 11/20/2020
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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